The North Carolina Association of Realtors has reported in the May/June issue of "For The Record" that foreclosures fell 42% in North Carolina in the 1st Quarter, while filings rose 24% nationally, as compared to the same period last year, 2008.
Nationally, the United States median home price rose 4.2%, considerably higher than the normal seasonally adjusted increases of 1.8%. Over 55,000,000 US households can now afford to purchase median priced homes of approximately $200,000. And of course, due to the first-time homebuyer tax credit, that segment accounted for 53% of all home transactions in March.
In Addition.......
According to Forbes Magazine, six cities in North Carolina - Raleigh, Durham, Asheville, Wilmington, Winston-Salem and Charlotte, are among the top 20 "Best Metros" in the country for careers and business climate.
Chief Executive Magazine calls North Carolina the 2nd best state in the US to conduct business.
Maybe, just maybe, we are seeing the bottom of our recession in North Carolina.
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