Details about this story
- Source: Charlotte Observer
- Date: September 30, 2007
- URL: Read the story
- Bylines:
Binyamin Applebaum ,
Peter St. Onge
- Topics:
Real Estate
- Data Types:
Local Data
- Description/Excerpt: Between 2002 and 2005, Realty Place guided more than 4,000 people into a first home in Mecklenburg and surrounding counties.
Nationwide, less than 3 percent of all home purchases historically end in foreclosure. But a disaster is unfolding in starter-home neighborhoods in Mecklenburg County. About 14 percent of starter-home buyers in 2002 have lost their homes to foreclosure. The rate among Realty Place customers that year is higher, at about 17 percent.
- Database or Graphic: Go to site (asp)
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