Earlier this week, WCNC/NBC Charlotte did a story about the luxury housing market around Lake Norman trending upward. The good news is that this isn’t just a trend in the luxury market or just around Lake Norman!
Charlotte’s location makes it an ideal spot to live, which is helping our housing market. It is situated near the middle of the east coast, so the northeast and the extreme southern states are all easily accessible. The weather is such that we have four distinct seasons, but very few extremes. Within the state, Charlotte is located almost equidistant from the mountains and the beach, plus it’s surrounded by lakes, offering tons of fun. Major corporations and sports teams call Charlotte home, which brings jobs, which means homebuyers. Plus, for a city of its size (it’s the 21st largest city in the U.S.), Charlotte is still incredibly affordable.
Outside indicators look like our housing market is geared for an uptick, too. Interest rates remain low, and the Federal Reserve has let it be known that they should stay this way through 2015. As the job rate grows, so does the housing market, and we’re seeing a slow but distinct upswing in the jobs market. In addition, the wild swing between the buyers’ market and the sellers’ market appears to be over, and as sellers gain confidence in this new market, more homes should come up for sale around Charlotte.
When you’re ready to find your perfect Charlotte home, take a look at my featured properties!
Robin Husney, Your Charlotte NC Real Estate Specialist
Image: Andrew Jenkins