Charlotte, North Carolina has just been ranked third in real estate markets to watch in 2016 by the Urban Land Institute, right behind those two Texas powerhouse cities of Dallas/Fort Worth and Austin. Last year, Charlotte was ranked in seventh place, so this is quite a significant move up.
What's pushed Charlotte to the top three ranking? Mostly it's job and population growth along with a strong construction sector in its economy. But lower cost of housing and living are also factors that make investment in Charlotte attractive to investors, who are increasingly looking at "secondary" markets like Charlotte versus the first-tier markets such as New York City, Los Angeles, Boston, Chicago, etc., where the cost of real estate investment is increasingly prohibitive.
Other cities in the South/Southeast also ranked high as markets to watch in 2016 by the Urban Land Institute:
- Atlanta in #5 position
- Nashville in #7 position
- Raleigh/Durham in #11 position
- Charleston in #25 position
THINKING ABOUT MAKING A REAL ESTATE INVESTMENT IN THE CHARLOTTE METRO AREA?
CONTACT CAROLINAS REALTY PARTNERS. WE CAN HELP!
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