Charlotte Homes and General Information
March 25 - Charlotte remains one of the best real estate markets in the country, according to S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices. Charlotte, with a 1.8 percent growth rate, is the only market out of the top 20 cities tracked to post an annual increase.
ABC News — Nightline — June 2007
In a Yearlong Housing Downslide, Charlotte Keeps Getting Better
People Are Flocking to Charlotte Where They Get More Bang for Their Buck.
Could the pundits who've been saying that all real estate is local be right? Charlotte seems to be making a strong case. While most of the nation is experiencing a downturn, home prices in Charlotte are climbing.
Standard & Poor's and Case-Shiller.
Home prices in the Queen City increased 2.3 percent in the fourth quarter of 2007, the S&P/Case-Shiller index says. Charlotte was one of only three cities to see gains in housing prices. Portland, OR and Dallas, TX were the other two.
Forbes – 02-07-08
Best Cities For Bargain House-Hunters
Just like in-state neighbor Raleigh, Charlotte has expanded quickly as the result of an economic boom that has drawn many residents from the North and Northeast. The financial sector is largely responsible and this is something to keep an eye on as banks' woes continue. While the city continues to grow, building activity has supplied plenty of inventory on the market, keeping things in the buyers' favor.
So how did Charlotte avoid the fate of so many other parts of the country where the bubble has burst and home prices have plummeted? One theory is while so many other markets like Miami, New York and Las Vegas were booming and bubbling, Charlotte was making a slow, deliberate climb.
Charlotte is one of a handful of cities experiencing steady and strong growth, bucking the national trend. Others include Portland, Boise, Seattle, Salt Lake City, Houston, Austin and Raleigh.
People are moving here!
According to the United Van Lines’ 2007 Migration Study of nearly 213,000 moves, North Carolina attracted a bigger share of newcomers and had fewer residents leave than any other state. More than 61.6 percent of North Carolina’s interstate moves were inbound. Economic and job growth, lower costs of living, temperate climate and a better quality of life were cited among factors for the increase.
Some of my favorite communities are Providence Country Club, Somerset, Raintree, Hunter Oaks, Sharon Hills, Lake Park, Ballantyne Country Club, Weddington Chase, & Providence Downs.
For a true expert in finding you home sweet home call Kohleen Nornes at 704.533.2818.