Forbes ranks Charlotte, NC as a top market to buy a home
For people who want to own a home, the premium to buy—the spread between what they’d spend to rent and what they’d pay for a mortgage—is much lower than the 15-year average in many cities.
To determine what cities are smart buys, Forbes magazine computed the premium and also identified locales where economists predict home prices will go up the most over the next five years. Charlotte, NC was ranked #2 in the country as a top market to buy a home.
If this is not another incentive for first time buyer's to get into the market now, I don't know what is. With the first time buyer's tax credit expiring April 30, 2010, interest rates dipping below 5% this week and the appreciation potential, buyer's may never get this opportunity again.
If you would like more information on the current market conditions in Charlotte, NC please contact Jennifer Manchester at www.JenniferManchester.com.
Jennifer specializes in helping people buy and sell Mint Hill, NC real estate, Matthews, NC real estate and Charlotte, NC real estate