Local Economy Expected to Rebound First
Amid all the talk of gloom and economic doom, there are signs of a silver lining around the clouds, especially in our area.
A recent report on the Charlotte area economy says our region is "poised to
rebound in the second half of the year, ahead of the national economy."
Just as it did after the tragedy of 9-11, the Charlotte area will lead the nation in fighting off the sluggishness that has slowed things down this year.
While no one is expecting an overnight boom, a slow, steady growth is anticipated, and those of us living around Lake Norman can expect an even stronger recovery.
Certainly, the dramatic increase in the cost of gasoline has hurt all of us, has negatively impacted consumer spending and made most of us think twice about every dollar we spend, but gas prices have gone down in recent weeks, and that is another good sign.
Home prices, especially those along the lake, remain steady, and our area has not seen the huge drop in values like the rest of the nation. Mortgage interest rates are low, we live in a highly desirable area, and as the nation's economy begins to come back from the doldrums, those of us fortunate enough to live around here will see good times again.
If you don't believe our future is bright, take a look at our story on page 1 today. Smart folks don't drop tens of millions of dollars into new projects in areas that they don't believe have a very bright future.
So hang in there, keep positive and remember that bad times don't last, but strong people do.