As the Charlotte Real Estate market continues to evolve the builders are evolving with it. The sub prime neighborhoods are going through a rough transition at the moment but there will definitely be opportunity here in the not so long term. Since the builders were "stuck" in many of these sub prime neighborhoods they stopped building. Basically the supply outpaced the demand (nor sub prime lenders). Charlotte New Home Builders stopped building and now the neighborhoods are transitioning. The investors lost a mint. This occurred because investors accelerated the problem. They purchased new homes in these neighborhoods and added renters into the new neighborhoods. Many renters do not care and destroy the homes and the neighborhoods follow.
As they investors leave along with the sub-prime borrowers, a new and more stable Charlotte neighborhood is taking root. Charlotte Foreclosures spell opportuinty! Who would have guessed the lack of mortgage availability would improve our real estate market but it really is. Home ownership is still available to anyone but you now actually must be responsible and pay your bills.
The demand for Charlotte homes is still very strong and the best deals sell quickly. Visit my Charlotte Real Estate website today and begin learning about our great city.
