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Old 11-27-2007, 11:35 AM
 
Location: Wantagh to Waxhaw
536 posts, read 1,539,131 times
Reputation: 164

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Charlotte Real Estate - Update

I am no fan of Zillow.com (I don't think they know the "Local Market"), but I did see this interesting blog on there about how Charlotte, NC and Columbia, SC are still appreciating. Yea!

While we maybe appreciating in price, we do have alot of inventory sitting longer and longer!

Anyone else see any interesting reads, supporting or denying this?
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Old 11-27-2007, 01:21 PM
 
Location: University Area, Charlotte
102 posts, read 85,119 times
Reputation: 2
i read a lot in cnn money and other places about how charlotte/raliegh are good for jobs/real estate and so on for technology related people(Jobs). And find it true. I am in the process of moving from denver, co to charlotte, nc and so far i like what i see.

Yes real estate values are doing lot better in the year and half compared to nationally, inventory is getting bigger, but it is good for people like me who are moving. But until i sell and see the cash in my pocket, i am not going to belive the prices and data provided by zillow or other sites.

But though it is appreciating and looks great, i belive in the waiting game... i strongly belive the worst is coming in the next year and that is the reason i am going to wait and see what happens , before i get back into the market next summer. But i like everything i see in charlotte except for the crime rate which is alarming to me.

i checked in board somewhere that based on alcohol reports pushlished.. denver is the worst and raliegh is the best. so i moved from worst to best in that regards... so i say there is lot of responsible drinking people in NC..lol

charlotte was 37 on the list, raliegh is 1st and denver is 100th. So instantly i moved from worst to good.. and if i move to raliegh.. i can consider worst to first... lol
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Old 12-06-2007, 07:17 AM
 
Location: Charlotte
44 posts, read 118,331 times
Reputation: 14
Don't let the numbers mislead you. Charlotte is a great place as far as values are concerned. For the past few years Charlotte has been solid for a 4% appreciation.

Thats great considering the areas that have 15-20% appreciation for a few years and then a few years of decline of around 12%. The folks that buy on those other markets at peak appreciation will get screwed when its time to sale.

Me i like a conservative 4% appreciation, which seems will be the case for anothers few years to come. As long as we can keep the scamming fraudsters away that fake appraisals and represent fake buyers, and eliminate financial number fudging we should remain constant in appreciation.

so showlazy you don't really have to worry about a drop in the charlotte market because there is no fast appreciation except for areas like wilmore and the sections around downtown, which is good because the rift raft are being ran away. And downtown numbers are no where nearing the top. I see in the 7 years downtown will be valued around a quarter of a million for the lowest priced home which you can still find homes for about $80k.

when you start to see every homeowner profiting 20% even the unsavvy ones for a few years of maintenance then you will see the bottom is about to buckle.
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