Charlotte's new home market has been the subject of news attention across the U.S.
Read below to find out what people are saying.
Read below to find out what people are saying.
Visitors to CharlotteBetweentheLines.com keep our experts busy with smart questions about market conditions, financing, and opportunities for buying.
See below for a sampling.
Since the market has cooled a little here is there a certain price point of home that has been effected more than others? Have all price points been effected equally?
We are currently renting in Elizabeth and don't plan to live here more than 2 more years. Would you suggest that we purchase or continue to rent?
With the current slowdown in the nationwide housing market due to the current economic situation, coupled with rising gas prices; is it likely that large inventory builders will start building at the same rate they did before the economic slowdown?
Where is the place to invest for the future? Is it a single family home in Ballantyne or a condo uptown for most capital appreciation in your opinion?
It seems most projects that have not broken ground as yet are being shelved. What do you attribute this to? tighter lending? less demand? Where do you see demand in 2009 compared to previous years?
How can we help you?
Tap into our experts by clicking here.
See below for a sampling.
Since the market has cooled a little here is there a certain price point of home that has been effected more than others? Have all price points been effected equally?
We are currently renting in Elizabeth and don't plan to live here more than 2 more years. Would you suggest that we purchase or continue to rent?
With the current slowdown in the nationwide housing market due to the current economic situation, coupled with rising gas prices; is it likely that large inventory builders will start building at the same rate they did before the economic slowdown?
Where is the place to invest for the future? Is it a single family home in Ballantyne or a condo uptown for most capital appreciation in your opinion?
It seems most projects that have not broken ground as yet are being shelved. What do you attribute this to? tighter lending? less demand? Where do you see demand in 2009 compared to previous years?
How can we help you?
Tap into our experts by clicking here.
UBS: Atlanta, Charlotte and Texas Will Be First to Recover
Source: BIG BUILDER News
Publication date: June 12, 2008
By Sarah Yaussi
It may be too soon to call a bottom in the housing market, but that's not stopping UBS from pinpointing which geographical markets will be the first to rebound--and which single-family and multifamily builders will be most able to take advantage of the turnaround in those markets.
In a new Q-Series report released this morning, UBS analysts David Goldberg and Alexander Goldfarb selected Atlanta, Austin, Charlotte, Dallas/Ft. Worth, and Houston as their top picks for markets that will lead in a housing recovery...
Dire News from My Colleagues By John Stossel
July 02, 2008
"It's been described as the most serious financial crisis since the Great Depression. And it brings with it grave dangers for all American families ... ," said Martin Bashir on "Nightline." "Recession looms .... "
On the "Today" show June 20, David Faber referred to "the recession ... these tough economic times." Yet that very day first-quarter GDP was revised upward again to 1 percent.
America is not in recession, and who knows -- maybe we'll be less likely to have one if my compatriots would just chill. A recession is defined as two quarters of negative economic growth. We haven't even had one quarter of negative growth.
Yes, growth has slowed, and many people are suffering because of falling home prices and higher food and energy prices. These are real problems, but watching TV, you'd think we were in a recession so severe it must be compared to the Great Depression.
Maybe I was just watching at the wrong times and just catching some outliers? No. A study by the Business and Media Institute (BMI) found that ABC, CBS and NBC regularly "hyped similarities to the Great Depression."
BMI took a novel approach. It compared the economic-news coverage by the New York Times, Wall Street Journal and Washington Post from Oct. 28 to Nov. 3, 1929, around the time of the stock market crash, with the coverage by ABC, CBS and NBC from March 13 to 19 of this year.
"The difference between how the 1929 and 2008 media handled a crisis was profound -- with modern journalists hyping every event." Today's coverage is much more alarmist. In 2008, few reporters pointed out "the differences between today's economy and the nation's darkest economic years, or bothered to note that America is not in a depression."
So let me stop here to repeat that. We are not in a depression. We are not even in recession. Get a grip, guys. We ought to point out that whatever today's problems bring, we are far away from reliving the Depression. For more visit RealClearPolitics.com
Charlotte named best place to live
Relocate-America.com ranks top 100 cities in its annual list
By Amy Hoak, MarketWatch
CHICAGO (MarketWatch) -- Apparently, there's just something about North Carolina. For the second year in a row, America's best city in which to live lies within its borders, according to Relocate-America.com's annual list.
This year, Charlotte, N.C., is in the top spot, the site announced this week. Last year's winner was Asheville, N.C., which slipped to No. 7 on this year's list...
...Charlotte's diversity of housing options and home affordability were two of the reasons users nominated the city. The city's strong economy, boosted largely by the banking industry, was another selling point.
In Depth: America's Recession-Proof Cities
Forbes –May 8, 2008
Nationally, home prices are falling, unemployment is on the rise and the economy is expected to grow slowly — or even contract — in the first half of the year. But some cities are doing just fine…
9. Charlotte, N.C.
Median home price: +3.3%
Unemployment: 5.4% (from 4.7%)
Key growth: Professional and business services, +4.7%; leisure and hospitality, +4.2%
Despite a recent rise in unemployment, the economy in Charlotte and the nearby surrounding region of Gastonia and Concord has been strong. Home prices have shown healthy growth, and broad classes of industries like professional and business services, leisure and hospitality, transportation, education, and health are expected to float the local economy this year.
Source: BIG BUILDER News
Publication date: June 12, 2008
By Sarah Yaussi
It may be too soon to call a bottom in the housing market, but that's not stopping UBS from pinpointing which geographical markets will be the first to rebound--and which single-family and multifamily builders will be most able to take advantage of the turnaround in those markets.
In a new Q-Series report released this morning, UBS analysts David Goldberg and Alexander Goldfarb selected Atlanta, Austin, Charlotte, Dallas/Ft. Worth, and Houston as their top picks for markets that will lead in a housing recovery...
Dire News from My Colleagues By John Stossel
July 02, 2008
"It's been described as the most serious financial crisis since the Great Depression. And it brings with it grave dangers for all American families ... ," said Martin Bashir on "Nightline." "Recession looms .... "
On the "Today" show June 20, David Faber referred to "the recession ... these tough economic times." Yet that very day first-quarter GDP was revised upward again to 1 percent.
America is not in recession, and who knows -- maybe we'll be less likely to have one if my compatriots would just chill. A recession is defined as two quarters of negative economic growth. We haven't even had one quarter of negative growth.
Yes, growth has slowed, and many people are suffering because of falling home prices and higher food and energy prices. These are real problems, but watching TV, you'd think we were in a recession so severe it must be compared to the Great Depression.
Maybe I was just watching at the wrong times and just catching some outliers? No. A study by the Business and Media Institute (BMI) found that ABC, CBS and NBC regularly "hyped similarities to the Great Depression."
BMI took a novel approach. It compared the economic-news coverage by the New York Times, Wall Street Journal and Washington Post from Oct. 28 to Nov. 3, 1929, around the time of the stock market crash, with the coverage by ABC, CBS and NBC from March 13 to 19 of this year.
"The difference between how the 1929 and 2008 media handled a crisis was profound -- with modern journalists hyping every event." Today's coverage is much more alarmist. In 2008, few reporters pointed out "the differences between today's economy and the nation's darkest economic years, or bothered to note that America is not in a depression."
So let me stop here to repeat that. We are not in a depression. We are not even in recession. Get a grip, guys. We ought to point out that whatever today's problems bring, we are far away from reliving the Depression. For more visit RealClearPolitics.com
Charlotte named best place to live
Relocate-America.com ranks top 100 cities in its annual list
By Amy Hoak, MarketWatch
CHICAGO (MarketWatch) -- Apparently, there's just something about North Carolina. For the second year in a row, America's best city in which to live lies within its borders, according to Relocate-America.com's annual list.
This year, Charlotte, N.C., is in the top spot, the site announced this week. Last year's winner was Asheville, N.C., which slipped to No. 7 on this year's list...
...Charlotte's diversity of housing options and home affordability were two of the reasons users nominated the city. The city's strong economy, boosted largely by the banking industry, was another selling point.
In Depth: America's Recession-Proof Cities
Forbes –May 8, 2008
Nationally, home prices are falling, unemployment is on the rise and the economy is expected to grow slowly — or even contract — in the first half of the year. But some cities are doing just fine…
9. Charlotte, N.C.
Median home price: +3.3%
Unemployment: 5.4% (from 4.7%)
Key growth: Professional and business services, +4.7%; leisure and hospitality, +4.2%
Despite a recent rise in unemployment, the economy in Charlotte and the nearby surrounding region of Gastonia and Concord has been strong. Home prices have shown healthy growth, and broad classes of industries like professional and business services, leisure and hospitality, transportation, education, and health are expected to float the local economy this year.
