Monday, June 10, 2013 / by Bruce L.
In 2007, the world took a big hit. Since the financial crisis, businesses and workers have seen a slow but steady improvement, especially here in the Charlotte area. The Charlotte real estate market has grown along with the city. Charlotte was one of the last places to be hit during the recession, and by many accounts, the first one out.
The city of Charlotte itself has a diverse and impressive business resume which has brought the area a great deal of growth and affluence. Since Charlotte is located in central North Carolina it provides quick access to the mountains and beaches, as well as the state’s well known schools and universities. All of this makes Charlotte a prime location for buying real estate in North Carolina.
The value of luxury homes and high-end apartments are finally beginning to reach pre-recession levels, and they show no signs of slowing down. As the economy continues to improve and confidence rises, consumers will seek to buy and sell their properties with higher frequency. Interest rates are at an all-time low and for now housing prices are still lower than they were at their peak in 2007.
What does this mean for buyers? It means that very soon, demand for houses in the Charlotte area will send real estate prices up. For people searching for a luxury real estate property now is the time to buy that perfect high-end home or condo while prices and demand are at their current levels. The market has nowhere to go but up, so a purchase of a luxury home in the Charlotte area would be a beneficial investment.