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Real Estate Investors Must Be informed-Charlotte Market

Richard Farthing
Posted May 19, 2008 7:34 PM
user 7122493
Group Organizer
San Jose, CA
Post #: 6
Charlotte is the #2 largest US financial center, behind NY. 300 of the Fortune 500 companies are in the area, and 9 are headquarted in Charlotte. Population is expected to increase by 37% in 8 years, yet it is still one of the most affordable areas in the country. One of the world's most prestigious bio-tech research facilities is being built nearby, attracting 35,000 new jobs! We see great appreciation coming to this area!

According to John Burns' Housing Cycle Barometer, Charlotte housing is ranked as "undervalued in comparison to history" (4.7 on a scale of 1-10, with 10 being the highest risk of housing correction), and only 36% of household income is spent on housing.

Charlotte Facts and Statistics:


March 27, 2008, CNN Money just released that the Charlotte Metro Area was #6 in the country in population growth for 2007!
Charlotte was the sole U.S. metropolitan area to record a gain in housing prices in January among the 20 markets tracked by Standard & Poor's and Case-Shiller.
May 9th, 2008, Forbes listed Charlotte as one of "America's Recession-Proof Cities"
May 14th, 2008, CBS MarketWatch names Charlotte as "America's Best City to Live"
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