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.
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 3 hours from the Atlantic Ocean, less than two hours from the mountains and is a major airport hub for easy air travel. Charlotte has three lakes (Lake Norman, Lake Wylie and Mt. Island Lake) which are all fed by the Catawba River.
Homes sold in the past month in Areas 3,4,5,6,7 and Uptown (area 99)
Average gas price this week in Charlotte: $3.95/gallon
Other accolades that our Queen City has received:
#1 Best Place to Live: Relocate-America.com, May 2008. Voting was based on community consistency and number of nominations received.
#1 America's Most Livable Communities: Partners for Livable Communities. The communities honored are evaluated on their strategies, visions, and actions towards preparing for new economy as well for creativity of leadership and collaborative efforts across 10 areas: New economy, tourism, human development, housing, neighborhoods, city center, leadership, finance, regionalism and environment.
Charlotte has major interest in the arts and sports, including many museums, professional football (Carolina Panthers), basketball (Charlotte Bobcats), semi-pro Charlotte Knights (baseball) and Charlotte Checkers (hockey). Charlotte is also home to many NASCAR teams and houses the new NASCAR Hall of Fame Museum. Come visit Charlotte and you'll fall in love with this fabulous city!
About the author:
Debe Maxwell is a Charlotte Residential Real Estate Broker, Certified Neighborhood and Relocation Specialist who can assist you with the purchase and/or sale of real estate in Charlotte NC or any place in the country by connecting you with a relocation professional in your destination of choice. Debe has created a team of professionals throughout the country to ensure that you enjoy a smooth transition to your new area. These professionals are experts in the field of relocation and can serve many purposes beyond a simple home search. The destination service is of no cost to you! Please visit www.TheMaxwellHouseGroup.com for your relocation and/or your local needs.
Copyright © 2008 By Debe Maxwell, All Rights Reserved...*Charlotte NC Economic Report (July, 2008)*