#7 is a GREAT place to be!
According to this, Charlotte, NC is the 7th best city to purchase a home in right now.
Forbes magazine says that the median home price in Charlotte, NC went up to $205,400 in 2007, this from $180,900 in 2005. An increase of $24,500 over the last two years would be an impressive statistic in a normal housing market, but with the housing turmoil we have experienced as a nation the last few years, these numbers have become a lot more encouraging.
Forbes also points out that Charlotte's vacancy rate is just a bit above the national average at 3.1%, reflecting a lot of homes that are going to quickly be sold once the market begins to resolidify itself.
Couple that with this happening over the weekend, it looks like we're on the right track to getting back to business as usual.
Forbes magazine says that the median home price in Charlotte, NC went up to $205,400 in 2007, this from $180,900 in 2005. An increase of $24,500 over the last two years would be an impressive statistic in a normal housing market, but with the housing turmoil we have experienced as a nation the last few years, these numbers have become a lot more encouraging.
Forbes also points out that Charlotte's vacancy rate is just a bit above the national average at 3.1%, reflecting a lot of homes that are going to quickly be sold once the market begins to resolidify itself.
Couple that with this happening over the weekend, it looks like we're on the right track to getting back to business as usual.
Labels: real estate
posted by e to the p at
9:16 PM
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