Charlotte NC Real Estate - A Great Place to Buy a Home!

North Carolina is only in the early stages of the national real estate recession with escalating foreclosures, and declining prices in most of its housing markets. It's been one of the country's strongest housing markets with appreciation that didn't get out of whack.

North Carolina has become a new sort of retirement community for many, and the state is doing much better than most others and it should see less severe fall out from the mortgage mess than most other states.

In ten years more than 135,000 new homes have been built in the Charlotte area. The inventory of new homes is lean, but the inventory of resale homes is growing, which has slowed real estate sales.

As one of the country's largest financial centers, Charlotte has eluded a direct hit from the mortgage mess.


Courtesy: HousingPredictor.com

January 31, 2008