| With all the depressing articles and outlooks | | | | Development, Inc, also recently announce that home |
| surrounding the real estate industry these days, I | | | | prices in the Charlotte area are still rising despite the |
| decided to dedicate today's blog to a positive market | | | | market slump. |
| outlook: North Carolina. | | | | I must say, at first I thought this was just |
| Despite cooling housing market conditions in most | | | | speculation, but North Carolina's market data concurs. |
| parts of the United States, North Carolina seems to | | | | According to the Carolina Multiple Listing Service, the |
| be dodging the slump quite well. North Carolina's real | | | | average selling price of homes in the Charlotte area |
| estate is still continuing to appreciate despite | | | | rose 9.3 percent this September as compared to the |
| foreclosures and huge inventories plaguing the rest of | | | | same time last year. The average selling home price |
| the country. | | | | for the seven county region including Mecklenburg, |
| David Seiders, chief economist of the National | | | | Iredell, Union, Gaston, Lincoln, Stanley and Cabarrus |
| Association of Home Builders tells the Charlotte | | | | Counties was $236,061 in September 2007. |
| Observer, "The housing market in North Carolina will | | | | In 2005, you could have purchased a single family |
| continue to outpace the nation's." Seider also says, | | | | home in Charlotte, North Carolina for $168,000. |
| "The housing stats across the country this year | | | | Today, that same home will run you $220,000. |
| should fall about 20 percent, but in North Carolina, the | | | | Furthermore, in 2007, The U.S. Department of |
| decline should be about half that." | | | | Commerce ranks Charlotte number one in its |
| A Charlotte, North Carolina based developer and | | | | affordability index for cities with population between |
| vendor of real estate, Convergent Acquisitions & | | | | 400,000 - 1 million. |