Tuesday, September 23, 2008

Home Values in Charlotte to Rise

Dear Rich,

I am new to the Charlotte area and I am concerned about my home value. I see that values across the country have gone down and I am wondering if my investment is safe.

Kaitlin in Charlotte.

Dear Kaitlin,

Real estate should be an easy investment. With home values that have steady risen in most places and dramatically jumped in others. Yet with a suffering housing market, many people around the country are rethinking this investment, and for some, the downturn has already had a significant effect.

And yet, in a recent article, Forbes.com places Charlotte, NC as #2 for places where home prices are likely to rise. Great news for the tens of thousands of people who have moved to this area in the last few years!

To determine these numbers, Forbes.com took projections for housing stars from the NAHB and job-growth figures from moody’s economic.com for the 100 largest metro areas in the US. The estimates are based on the cost structures of business in the respective cities and the composition of the local economies.

Other cities in the countries with projected rising housing prices are Albuquerque,NM, San Antonio TX, Portland OR, and Austin TX., But rest assured, your investment in Charlotte is expected to rise.

Best of luck,

Rich Ferretti

Want more information about the Charlotte area real estate market? Check out www.richferretti.com

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