Charlotte NC Housing Market Update

The housing market is recovering.


As more home buyers are taking advantage of the improved affordability conditions. With mortgage rates hovering around recent record lows and home prices having generally stabilized, economists are expecting an upward trend to a healthy and sustainable level in 2011.

Encouraging signs are showing up across the economy.

Retail sales recently hit their highest level since before the recession. Key measures of small and big businesses’ optimism marched back up to prerecession levels and new claims for jobless benefits are trending lower. Together they bode well for steady job creation and improved consumer confidence which is generally manifested in more spending.

As the economy improves, current stimulus efforts by the government and the Federal Reserve Board are expected to gradually wind down. Meanwhile, serious buyers stand to benefit from historically favorable buying conditions.

For complete Charlotte NC housing market update, call, email or text me...

Educating consumers for over 20 years.

Rich Ferretti
704.564.0807
http://www.richferretti.com/
Rich@RichFerretti.com


Want more information about the Mint Hill, Matthews and Charlotte area real estate market? Check out www.minthillrealty.com