Over the last few days there has certainly been some bullish reports out on the real estate economy. The Case-Schiller Index is showing slowing decline in real estate prices across the 20 cities it covers. One of these markets being Charlotte.
In the last year the index actually shows a .3% increase in prices in Charlotte (May over April), with the 12 month number now showing close to a 10% decline. Investor Nation has been offering homes at 60-70% of this already discounted valuation. Charlotte real estate investing is looking like a good proposition right now. With the local market in Charlotte suffering only mildly compared to many markets, the time seems to be ripe to purchase.
And Charlotte is growing too. The US Census just reported Charlotte was
only 1 of 2 major cities to be both in the top 25 largest numerical population gains and top 25 in population growth in a report released this month (period 2007-2008).
Charlotte investment property is unique. It offers both cash flow and appreciation, a rarity. Cash flow is a bit slimmer than other markets but to achieve cash flow with limited investment, plus a tremendous upside for apprection makes it an especially attractive market.
