Charlotte Ranks 3rd As The Most Attractive Real Estate Market In America
According to a recent report by Price Waterhouse Cooper and the Urban Land Institute, Charlotte officially is now the 3rd most attractive real estate market in America. Charlotte's rapidly growing population, strong construction presence and booming economy are the main factors that led to this ranking.
The Charlotte region is about to see some large scale development with the new $600 million Hard Rock Casino, $350 million film studio, and dozens of new high rises in the Southend area and Uptown Charlotte. "Good job and population growth along with the development of urban centers continues to make the market attractive to residents. Interviewees generally feel good about the Charlotte market, although some did express concern that the concentration of the financial services industry may not offer the same level of growth as other more technology-oriented markets," the ULI report commented.
The Queen City easily beat out its rival southern cities - including Atlanta (No. 5), Nashville (No. 7), and Raleigh (No. 11). In the survey, ULI advised real estate investors to seek out thriving secondary markets, such as Charlotte, in order to find more value in investments: "These secondary markets boast lower costs of living - particularly in housing - and strong growth potential," according to ULI.
With Charlotte being the 3rd most attractive real estate market and the promise of rising interest rates in months to come now may be the time to SELL and find that perfect NEXT home. Call for a FREE Market Analysis today!