charlotte economy: Charlotte Real Estate Recovery Even Felt with Local Grocer's Q3 Earnings - 08/05/11 06:25 PM
Charlotte Real Estate Recovery Even Felt at Local Grocer - Q3 Earnings Significantly Improved
The Harris Teeter grocery chain and thread company American & Efird, reported yesterday that despite the bad news in the stock market, Ruddick’s subsidiaries is showing significant increases in revenue. Ruddick’s subsidiaries increased its third-quarter revenue, rising to $1.19 billion.
The $32 million profit for the quarter is up 11 percent from 2010. The 204-store Harris Teeter chain revenue increased 8% as compared to the same quarter last year, to $1.1 billion. Sales at stores open a year or more rose 4.4 percent.
Increased sales were a result of more consumer … (10 comments)
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charlotte economy: Charlotte Real Estate Recovery: The Queen City is the Second-Best Value City In America! - 07/29/11 09:48 AM
Charlotte Real Estate Recovery: The Queen City is the Second-Best Value City In America! Great news for Charlotte's Real Estate Recovery: Kiplinger's Personal Finance magazine has named Charlotte as the second-best value city in America. According to Kiplingers, "value" is defined as a low cost of living with a strong economy and personal amenities. Charlotte ranks second only to Omaha, Nebraska!
While banking brings more than 50,000 jobs to Charlotte, healthcare, manufacturing, and textiles are strong components of our job market. The nation's top bank (measured in total deposits), Bank of America, is headquartered here in Charlotte as well as another large … (10 comments)
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charlotte economy: Change - A Necessity for Any City's Economic Stability - 05/21/11 06:27 PM
CHARLOTTE NC — Just a few short years ago, Charlotte was most known as a banking center; in fact, the second largest in the US, second only to New York City. In years prior to that, however, Charlotte was a major textile center due to her central locale, and has even had her name associated with big industry in even more recent years. As the economy changes, so does Charlotte. Beginning in 2008, Charlotte officials began to recognize that the housing crisis was going to have a huge impact on our major industry, banking. Very quickly Uptown commercial vacancy rates went from a very comfortable 2.5% to a stunning 13.5% vacancy rate. Charlotte … (33 comments)
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charlotte economy: More Gems in Queen Charlotte's Crown - 04/22/11 12:25 AM
Another Gem Added To Queen Charlotte's Crown
According to CNN Money Magazine and the latest census data release, population growth during the last decade made the South the fastest-growing region in the US. Eight of the 11 metropolitan areas noted as highest in population growth including Austin, Charlotte, Raleigh and Orlando, were in the South. The top three metropolitan areas were:
Raleigh, NC Total Population: 1,130,490 Change From 2000: 41.8% Austin, TX Total Population: 1,716,289 Change From 2000: 37.3% Charlotte, NC Total Population: 1,758,038 Change From 2000: 32.1%
As the largest of the three and North Carolina's largest metropolitan area, Charlotte … (14 comments)
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charlotte economy: BAE Systems, Inc. Bringing 176 New Jobs to Charlotte - 12/28/10 12:47 PM
BAE Systems, Inc. Bringing 176 New Jobs to Charlotte NC Governor, Beverly Perdue, announced today that BAE Systems, Inc. will bring 176 new jobs to the Charlotte area over the next three years, as well as investing $3 million in their new internal human resources and finance headquarters. The move is planned for the second quarter of 2011 but, an office location has not yet been determined. Governor Purdue explained that NC is leading the way nationally, in the creation of new jobs and that Charlotte continues to grow because of our education and highly skilled employee 'market' for new businesses. … (15 comments)
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charlotte economy: Charlotte Homes Become More Affordable - 12/19/10 11:51 PM
Charlotte Homes Become More Affordable Don’t you just love it when the evening news finally shares a bit of good news? I surely do! Of course, I want to do my part and share the good news with you today: Charlotte homes homes (as a matter of fact, homes nationwide) are becoming more affordable. In fact, according to the National Association of Realtors®, housing affordability is close to reaching an all-time affordability high. How does this Benefit Charlotte Home Buyers? A typical buyer can pay much less in mortgage costs for the same home, or buy a better home without increasing … (10 comments)
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charlotte economy: Is Bank of America Leaving Charlotte? - 11/14/09 05:45 PM
Is Bank of America Leaving Charlotte? My personal feeling is that BOA isn’t going anywhere! Does it really matter where the CEO lives? In this day and time, with all of our technological advances and the increasing ability to do our jobs from the office, our homes or the beach and the video conferencing capabilities that we so often use, I can't imagine why this topic has gotten Charlotte residents so up in arms over the location of the new CEO of Bank of America.
Bank of America owns far too much real estate here in Charlotte that to sell … (25 comments)
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charlotte economy: Relocating to Charlotte NC? - 01/03/09 05:46 PM
Moving to Charlotte NC? Economics are a major advantage that Charlotte has over other cities--it's just a great place to live, work and play!
C harlotte was perceived, many years ago as a textile center and now, a banking center. While Charlotte remains proud of the industries with which it has been associated over the years, this small, segmented stereotype sells the city's economy short. Charlotte boasts a vibrant, balanced economy that encompasses many sectors, as well as companies that range in size from microbusiness to multinational. Charlotte's economy is easily one of the healthiest and strongest in the nation. Diverse business interests … (13 comments)
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charlotte economy: Are YOU on the Fence? - 10/01/08 03:17 PM
Are You On the FENCE? Are You On the FENCE? Are you a potential investor, renter or homeowner who would like to buy a property but, just don't know whether to jump off the fence and into the pool of homebuyers right now? Well, if so, let me give you my take on this 'crisis' that we're in...
The news is updated hourly (at least) regarding our current financial 'crisis' which truly does affect everyone! Don't be fooled into thinking that you are immune from this crisis--you don't work for a financial institution, you own your home and are comfortably making … (22 comments)
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charlotte economy: Uptown Charlotte NC: No Vacancy? - 08/09/08 03:40 PM
Uptown Charlotte NC: No Vacancy? Uptown Charlotte NC: No Vacancy? Our Uptown Charlotte area is thankfully, still going strong! Uptown Charlotte NC: No Vacancy? Well check out these recent statistics: we've gone from a 16.6% Uptown vacancy rate in 2005 to an UNDER 1% rate in 2008 Q2; we seem to be bursting at the seams! Landlords in the Uptown area are confident, reflecting that they're getting a solid $30./square foot, a significant increase over last year. Contractors & developers are also very confident and most are continuing to build. Some builders/developers even some saying, "We just can't seem to build fast enough!"
What incredible … (0 comments)
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charlotte economy: Charlotte NC Economic Status, July 17, 2008 - 07/16/08 11:05 PM
Charlotte NC Economic Status July 16, 2008 Charlotte NC Economic Status July 17, 2008
At the risk of sounding like a broken record, I'm happy to share that second quarter numbers are out and indicate that Charlotte continues holding strong during this trying economic time! Charlotte NC economic status July 17, 2008 IS positive! Charlotte continues to add new firms, new jobs, new investments and more buildings despite the state of the national residential real estate market, the recent instability of the finance industry and soaring gas prices. The ability to grow in spite of the aforementioned tribulations gives a glimpse of … (3 comments)
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charlotte economy: Charlotte--The Only Metro Area to Record Q1 Housing Gains - 05/27/08 09:08 PM
S&P/Case-Shiller Home Price Indices released today show Charlotte as the sole metro area to see 1Q home-price gains: Charlotte was the only U.S. metropolitan area to record a first-quarter gain in housing prices among the 20 markets tracked by Standard & Poor's and Case-Shiller. The year-over-year price of existing single-family homes in Charlotte rose 0.8% in the latest reported quarter, according to the S&P/Case-Shiller Home Price Index.
Nationally, first-quarter prices declined 14.1 percent from a year earlier in the cities the index tracks. The Queen City is the only market with appreciation over the past year, returning +0.8%. In … (8 comments)
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charlotte economy: Charlotte North Carolina Demographics & Economic Profile - 05/26/08 10:56 PM
Charlotte North Carolina Demographics & Economic Profile
U.S. Census Bureau data reveals that New York is the No. 1 source of newcomers to the Charlotte region from outside the Carolinas. An estimated 13,000 (out of our 80,000 transplants to Charlotte) move here from New York annually with New York City, Long Island and areas in Upstate New York contributing the largest concentration of transplants. Most have specific economic pressures and jobs seem to be the biggest lure for those moving to Charlotte.
Why ARE so many people relocating to the Charlotte region?
Charlotte’s economy Our ability to generate jobs; in … (9 comments)
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charlotte economy: Charlotte North Carolina Named Recession-Proof - 05/16/08 08:48 PM
Charlotte, recently named among America’s top 10 list of “Recession-Proof Cities,” has had yet another award bestowed upon her by Relocate-America.com. Charlotte, NC has been voted America’s Best Place to Live!
Relocate-America.com is operated by the real estate firm, HomeRoute and provides relocation resources for those making the move. The Charlotte Metro area’s economic growth, employment opportunities, educational opportunities, crime rates, air and water quality, ‘green’ status as well as housing options are all considered by HomeRoute when judging America’s cities. The appreciation of area homes is taken into consideration but, it does not play a major factor in the … (21 comments)
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charlotte economy: Charlotte, NC Economic Growth (Real Estate & Construction) - 03/02/08 10:41 PM
Both businesses and individuals are attracted to the thriving Charlotte region. Booming with economic and commercial activity, Charlotte has all the advantages of one of the most rapidly growing metropolitan areas in the U.S. Yet the people are warm and friendly and many areas in our region still retain their 'small town' flavor. With recent announcements of several new businesses in this first quarter of 2008, we'd like to welcome you and your business to Charlotte!
About the author:
Debe Maxwell is a Charlotte Residential Real Estate Broker, Certified Neighborhood and Relocation Specialist who can assist you with … (0 comments)
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