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Investing in Charlotte Real Estate | Add Comment

    • I agree. 2/26/2008
    The Charlotte housing market has been conservative in appreciation no doubt, but the one thing people are failing to realize in my opinion is that some Charlotte neighborhoods are about to take a hit. With the rise in foreclosures lowering the value in certain neighborhoods slowly eating away equity that has accumulated over time or even worst the owners that refinanced with 107% loans to cash out. Those are the people that will be affected first, if they need to sell fast or face losing their homes. Everybody wants a good deal, and no one wants to pay more than someone else. As long as we can keep foreclosures to a minimal our market will continue to grow.

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      • Charlotte Real Estate still rocking 11/3/2008
      Even with all the downturn and bad press Charlotte is still one of the most stable areas to purchase homes in the country. According to Case Shiller price index The Charlotte market was the #2 market in the US thru the August reporting period. The number one market was Dallas, Tx with an overall decline in values of 2.7% and Charlotte was second with a decline of 2.8%, so you can see we are still a great place to invest. A perfect place for investors to invest for the long term and not worry about loosing their money. Actually our rental market is a great place to be until the climate improves around the country, many people have already moved here, but have not been able to sell their homes so they need a place to live, and now they have to rent. We have seen our rental rates increase each month and will probably see more of it through out the next few years. Look to Charlotte today. Call Gary Mitchell 704-578-9789 or visit www.mycharlottehometeam.com. thanks

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