Hi All, Just curious what's going on in your neck of the woods, real estate-wise. I might have an opportunity to get into something in the western part of North Carolina. Around the Blue Ridge and Smoky Mountains area. Trying to do some due diligence. Thanks in advance
I can only speak for the Charlotte, NC and surrounding area market... # of new residents moving to Charlotte monthly - 4100 Charlotte is 1% below national average for home appreciation (no bubble here). R.E. Investment market in Charlotte is closer to a bubble that residential market. Half the new-home-buyer market in our area is made up of single women and baby boomers. Charlotte has 3 honors for NC: 1) #1 in NC for loan fraud 2) #1 in NC for foreclosures (8 per day) 3) #1 NC tourist attraction is here (Concord Mills) - It's a MALL!!!
WNC is booming right now, are you looking into commerical or residential? We have alot of growth going on. I heard at one point that Asheville was the fastest growing city in NC.
I'm not far along enough to be into commercial yet. But thanks for the info. That's good to know to help me decide and plan.
