Many people across the country are nervous about the economy and pausing prior to purchasing their next Charlotte home. The nation is in the midst of a housing slump. According to the latest figures, Charlotte Homes is the only major city that actually appreciated over the past 12 months. So has Charlotte Real Estate been impacted?
Yes, Charlotte has been impacted. Since the government pushed for lenders to ease lending requirements, millions of home buyers were welcomed into home ownership. This worked great in theory but many of the high risk (AKA Sub Prime Loans) were exactly that-High Risk. The High Risk Loans are placing a huge strain on many new home owners. This is known as unintended consequences that frequently occur when proven cautions are over ridden.
The public will be better served if the government spends the energy in educational classes for home owners and credit repair/credit building. You can not build a new home on an ill prepared foundation. Nor can you push home ownership without an equally strong foundation.
Ultimately, tens of thousands of people are relocating to Charlotte. The goals and dreams of our citizens have not changed. The quality of life in Charlotte is tremendous. Houses in Charlotte are still appreciating and we welcome you into our town and wish you the best for your Charlotte Real Estate objectives.
Visit Charlotte Homes to learn more about our area.
