It makes sense to buy in Charlotte!
I came across an article on MSN today that is called "66 Cities where buying makes sense." It simply runs the numbers on 100 different markets and establishes where the numbers point to buy or rent.
Charlotte comes up in the top 50 places where it makes sense to purchase a home, rather than rent a home in the next few years. The study predicts that if you were to purchase a home today in the Charlotte region that in 4 years you would accrue $27K-$30K in equity.
You are seeing in the study that all the markets that were on fire just a few years ago, are the ones that got hit the hardest. The Charlotte region has a history of stability and growth and still remains one of the better markets to this day. Making money/building equity in buying and selling property is all about timing. The numbers are pointing to now being the time to invest in property in the Charlotte Real Estate Market!
See Also:
Charlotte/Lake Norman Real Estate Links
Why you need an agent to purchase a home
Charlotte/Lake Norman Real Estate Maps
Lake Norman Real Estate Guide
First Time Homebuyers
Contact your Lake Norman Real Estate Expert for more information on this post.
Jeremy Adair
Real Living - Davidson, NC
Cell: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com
1 comment:
That is a great article! Charlotte is certainly headed up, especially with this new Bank of America purchase
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