It’s true that Charlotte’s market faces some challenges given a tougher economy and the impact of re-sale conditions in other markets. Price appreciation has moderated and home sales are down in Charlotte compared to 2006, the region’s top year ever, but they haven’t fallen far. Current levels mirror those in 2004, one of the top three years on record for the area.

So why has Charlotte remained relatively strong compared to other markets in the country? The answer lies in a powerful mix of strong population and job growth and attractive housing product.

Roughly 65,000 residents a year stream into Charlotte, boosting home absorption rates which already rank among the best in the country. Another plus for Charlotte is investor sales are reverting to normal levels, further reducing the risk of a speculation driven bubble in Charlotte.

Charlotte has many more qualified buyers looking for homes than in previous downturns. Among the types of people flooding to Charlotte are second home buyers and half backs – those that originally retired to Florida from northern states and decided to move half way back to Charlotte to be closer to family. Corporate relocations to Charlotte add to the area’s bulging household growth numbers.

Perhaps most encouraging of all to those considering a new home in Charlotte is the area’s bright future grounded in strong fundamentals that will help the market emerge stronger than ever.

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