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Opinion

National settlement doesn’t change core mission for NC realtors

The fabric of North Carolina communities is woven with the dreams of homeownership — dreams that are made tangible and transparent through the dedication of REALTORS®. Given the recent media coverage regarding the National Association of REALTORS® (NAR) commission lawsuit settlement, achieving clarity is imperative. It’s important to dispel misconceptions and highlight the true, client-centered...

Tony Harrington
News

The shaky legal ground of Bank of America’s new race-based mortgage program

North Carolina’s largest corporation, Bank of America, received pushback after announcing last week they created a home loan program only available in black and Hispanic neighborhoods. Legal scholars told Carolina Journal that the program appears to violate federal civil rights laws by favoring certain racial groups over others. Bank of America, however, told Carolina Journal that the loans are legal under an exception in lending law.

David Larson
News

N.C. among top states for foreign real estate investors

North Carolina was in the top five states for residential real estate investors from other countries over the pat year. According to a new survey from the National Association of Realtors, investors from China spent the most of foreign investments on U.S. real estate, spending $6.1 billion last year. Canada was second in U.S. residential...

CJ Staff