The most frequent question I receive is "How is the Charlotte Real Estate market? Are people still relocating to Charlotte? How is the market.
First, real estate is local. The news will provide sensational stories about how bad the world is doing. That's the news. Most of us know the news is less than credible.
Yes, I am a sales person and there are sales people that will mislead you. So how can you tell for sure.
Ask yourself some questions:
1) Since the hurricanes hit Florida, taxes, home owner dues and insurance skyrocketed. Are any of these additional costs going down? (No). Can the average American afford hundreds of dollars in bills every month? (No). Are additional costs going to make the super inflated Florida market over priced for relocations? (Yes). Are Floridians still trying to unload their homes? (Yes).
2) Is it still cold up north? (Yes). Have Americans decided they now prefer colder weather? (No). Are the baby boomers up north retiring? (Yes). Are they seeking a lower cost of living and warmer weather? (Yes). Is this going to change? (No).
3) Want-to-be investors: Can you steal a home in Charlotte? (N0). The reason you can steal a home is other areas is because too many people are leaving.
Charlotte continues to grow and homes continue to appreciate. Yes, it is more difficult to obtain a sub prime loan (loans for challenged credit or for investors and 100% financing). Yes, there may be rental opportunities in neighborhoods that attract the credit challenged clientele.
The Charlotte market continues to grow and people are relocating from all across the country. They are coming from Seattle, LA, Phoenix, Miami, New York, New Jersey and more. Our economy is thriving and there are new developments beginning on a regular basis.
I hope this information is helpful. I am not here to mislead anyone and that is why I share these basic real estate principles. Let me know how I can further assist. http://www.findmycarolinahome.com/.
