A couple of weeks ago the national association of Realtors posted an article talking about housing pirces for the major metropolitian areas. In there article they looked at the major metro areas that had the largest increases in home prices as well as the ones that had the lowest or depreciated in home prices.
The statistics showed that Charlotte north Carolina region had the largest gain in home prices for the first quarter as compared to the same period last year. That is a postivie sign in these economic times. With a 12.3% increase in median home prices the trend is showing the Charlotte area doing better than all the major metro areas over the same period.
This bodes well for home sellers looking to sell their home. Charlotte has done a very good job in the past year of attracting new bsuiness to the area. With major corporations moving this way it has helped create jobs and with those jobs comes people looking to buy homes.
With mortgage rates at historic lows and consumer confidence increasing Charlotte looks like it is recovering from the housing market faster than most areas.
Click here to see the full report on how the major metro areas home prices changed from year to year for the first quarter.
Dave diCecco
Realtor/Broker
www.davedicecco.com
No comments:
Post a Comment