Thursday, August 12, 2010

Charlotte tabbed to be most resilient market in NC by Bloomberg

North Carolina

North Carolina

Biggest home price increase projected in 2014: Charlotte-Gastonia-Rock Hill metro

Forecast 4-year price increase: 13.9 percent
Current median price: $178,000
Prices to reach trough in: 2010 Q3
Median family income: $64,300
Population: 1,745,520

First-quarter prices in the Charlotte area are down slightly from a year ago, but the trend is improving, according to the National Association of Realtors. Still, Charlotte':s unemployment rate, 11.1 percent in June, is worse than the national average and weighs on confidence. The area nevertheless remains an important economic hub and is home to such large corporations as Bank of America, Lowe's, Nucor, Duke Energy, Sonic Automotive, Family Dollar, Goodrich, and SPX.