Charlotte View

A couple of interesting notes in this Spring ’08 Charlotte real estate market…. a number of positive articles are now appearing in local print media. From The Business Journal to the Charlotte Observer, stories have been featured about how our real estate market is still doing well compared to others, and that the sub-prime mess of last year’s fourth quarter has not had much impact here.

It’s about time! It seemed we were bombarded with negative real estate press endless for the last half of last year, most of which had little to do with our local market place. Some have called our area the “Teflon market” because prices and appreciation percentages here stayed within reason while other areas flew to 10% or better annually. Those markets today suffer with lack of buyers.

The Allen Tate Company, a large area real estate firm has begun a series of extremely costly print and TV ads about how this is a great time to buy. Prices and inventory are in great shape, and lending rates are the best in several years. With the help of the media that helped make our slightly soft market softer, we may see the totals from our local MLS rise again this quarter.