Charlotte, similar to many cities in the US, has felt the economic impact due to the meltdown of the sub-prime mortgage crisis. Although Charlotte real estate was one of the last markets to be affected by the mortgage crisis, we will certainly be one of the first to recover due to the fact that there is a high demand for what Charlotte homes for sale and the surrounding areas have to offer. Credit must be given for the recovery to Charlotte as a whole, which provides an outstanding financial climate.
Having relocated to Charlotte in 1981 with my family from New York, I’ve marveled at the beautiful weather, clean streets, wonderful lifestyle and educational opportunities that this great city and it’s surrounding areas has to offer. In 1981, I would have considered Charlotte a “Southern City” and now I consider it “a cosmopolitan city in the South”.
Charlotte continues to grow and prepare for the next decade, thanks in part to our outstanding public and private leadership. With such major companies as Bank of America, Wells Fargo, US Air and Carolina Health Care present in Charlotte, our market will recover, as noted by the Case Shiller report from September 2009. While the report is only statistical in nature, it is an indicator of the secure frame of mind that business leaders and the general public possess.
The report also noted that, in this “growing North Carolina city, prices were flat on a year over year basis. Charlotte is one of those healthier areas of our country and the buying interest is recovering.”
Expectation for a full recovery, although some time from now, continues to be full of hope and optimism. Charlotte and the surrounding area offers so much to so many looking for a quality lifestyle, a positive work climate and an opportunity for financial independence. My family and I chose Charlotte in 1981 and have made it our home. We will continue that concept for many years to come as we look to retire in this wonderful region.
Lynn Welles, for Schwebel & Assoc. / Prudential Carolinas Realty /