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Charlotte NC Economic Report (July, 2008) (Market Report FEATURED)
 
Charlotte NC Economic Report (July, 2008)
The Charlotte NC economic report (July, 2008) reflects that job growth and economic expansion continue to sustain Charlotte's real estate market.  With the news of Bank of America's (headquartered in Charlotte) recent decision to purchase Countrywide (it is what it is!), Charlotte is soon to become America's leading financial center.  Bank of America is but one of over 300 Fortune 500 companies represented in Charlotte, NC.

In a recent FORBES article, Charlotte was tagged as one of the top five cities with undervalued market prices in the U.S.  The National Association of Home Builders reflects that Charlotte does not have the inventory surplus that is crippling some cities nor, do we have the fast rate of new construction starts, keeping us more in-line with supply and demand.
According to FORBES, Charlotte, Seattle, Boston, San Francisco & New York were ranked among the country's most undervalued real estate markets.  Housing continues to be a solid investment, especially with the mortgage rates at a minimum and the recent Wall Street struggles.  Despite the downturn in the market and the economic worries, Charlotte continues to one of the best real estate markets in the country.  Located only ... more

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