Submitted by Anonymous on Wed, 05/09/2007 - 05:00.
North Carolina housing market is a rising bargain-town
Home values continue to rise in North Carolina despite a downward trend in the rest of the country. That’s good news for home buyers and sellers. In the Triangle it is 5.9 percent, and in Charlotte it is 5.2 percent. Job growth is a big factor.
"In the past five years, a lot of smaller companies have added 5-10 employees at a time, and if you add that up over time, you get a 4 percent job growth, which is what occurred last year.
Another factor is strong industries driving the economy. For instance, Raleigh has colleges and technology, and Charlotte has banks.
And for the most part, North Carolina missed the housing boom of the last give years, as most of the buyers here didn’t want to turn a quick profit, but wanted to live here for a long time.
Both Raleigh and Charlotte are in the nation’s top-25 appreciating U.S. markets. Raleigh ranks 15th on the list, according to the North Carolina Association of Realtors. Charlotte comes in at 24.
Source: News14.com
"In the past five years, a lot of smaller companies have added 5-10 employees at a time, and if you add that up over time, you get a 4 percent job growth, which is what occurred last year.
Another factor is strong industries driving the economy. For instance, Raleigh has colleges and technology, and Charlotte has banks.
And for the most part, North Carolina missed the housing boom of the last give years, as most of the buyers here didn’t want to turn a quick profit, but wanted to live here for a long time.
Both Raleigh and Charlotte are in the nation’s top-25 appreciating U.S. markets. Raleigh ranks 15th on the list, according to the North Carolina Association of Realtors. Charlotte comes in at 24.
Source: News14.com
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