Charlotte: Shining in the Darkness
Posted March 25, 2008
Charlotte’s Real Estate Market Shines!
Today, Bloomberg reports that the S&P/Case-Shiller home-price index dropped 10.7 percent from January 2007. In 20 major US metropolitan markets, property values dropped overall. The drops were dramatic and many economists are predicting tough times ahead.
Yeah yeah, we have heard all of this time and time again!
“The sky is falling, the sky is falling!”
And yet again, Charlotte NC real estate remains one of the bright spots in the nation! This report went on to say (very briefly I might add) that Charlotte home prices defied the averages yet again! Read this excerpt:
All but one of the 20 cities in the index showed year-over- year declines in prices in January, led by drops of 19.3 percent in Las Vegas and Miami. Prices rose in Charlotte. ( view report)
This is further proof that Real Estate is local. While other areas in the country that saw “crazy - stupid” property value increases are resetting themselves to reality, Charlotte’s real estate market, which has remained steady, is continuing to grow. Remember when your economic’s professor said “slow and steady wins the race”??? Well, here is your proof!
Charlotte NC has the best real estate market in the Country! Those of us that live here already know this is the place to live. The rest of the nation is seeing this too! If you are thinking of moving, you should seriously consider moving and buying a home in Charlotte NC!
This website provides information on FHA and VA loans, in addition to the hundreds of other conventional and jumbo mortgage loans available. As a mortgage loan officer, Ed has proudly served home owners and home buyers in the Charlotte area (including Concord, Gastonia, Matthews, Monroe, Huntersville and Ft. Mill as well as all of North and South Carolina.)
Apply online for your Charlotte area mortgage loan
or call 704-651-8704 for your free mortgage consultation.
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