Charlotte has been recognized in a recent survey by Urban Land Institute and PwC as the 3rd best real estate market in America.
Charlotte qualified due to its thriving economy, the growing population and increasing construction developments.
A few factors contributing to Charlotte's high ranking include:
* New developments at the Southend and Uptown areas
* Plans for a $600 million Hard Rock Casino
* Plans for a $350 million film studio
A report from ULI explained that increased job opportunities, population growth and the development of urban centers are intriguing more residents to settle down in Charlotte. Those interviewed felt positive about the real estate market in Charlotte, but did show some concern that the financial service industry may not be able to offer the same growth in comparison to technology-oriented markets.
Other top rankings include:
Rank #1: Dallas
Rank #2: Austin
Rank #3: Charlotte
Rank #5: Atlanta
Rank #7: Nashville
Rank #11: Raleigh
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The survey made by ULI further expressed the potential of thriving secondary real estate markets like that of Charlotte, and encourages investors to consider areas like Charlotte over larger markets like New York and Chicago. Here they may find more value in their investments due to a lower cost of living and the potential for large growth in the coming years.
Charlotte boasts great potential not only for investors but for homeowner's as well. Both parties will find that the growing area offers lots of opportunities to find home's at a fair price and high value.
To learn more about why you should invest in your dream home today, be sure to check out 2 Reasons That You Shouldn't Wait To Move Up! And don't miss out on the opportunity for Down payment assistance!
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