In troubling economic times you may ask,”Is it safe to buy a home in Charlotte, NC? Why has Charlotte Real Estate remained so steady? Why haven’t prices plummeted as in the rest of the nation?”
Yes it is safe to buy a home in Charlotte North Carolina, if you buy in a neighboprhood that adds value like Windsor Park and buy smart. See the Case-Shiller Index of home prices below:
It also answers the question- why haven’t prices fallen? Charlotte has never seen the bubble-price rise, there is no ballon to pop in Charlotte. As you can see home prices rose through 2007- leading the nation according to Case-Shiller, and pretty much holding their own (very slight drop) through 2008. Steady 3% per year growth is what we have had here!
The 2nd part of the answer is affordability- Charlotte remains the only “objectively affordable” major city in the nation, says Wall Street Journal darling Radar Logic of New York.
