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Charlotte
The Charlotte real estate market has always been on one of the top markets for homebuyers and investors. What is the driving force behind its success? The job market. The job growth rate has been one of the highest of the metropolitan cities. It is currently listed as number 19 on Forbes’ list, The Best Places For Business And Career. Financial services is the main industry in this city, although other tech-focused cities are growing faster.
Inventory is decreasing and the reason is quite interesting. Baby boomers are not selling homes and looking to downsize at the usual pace or age other baby boomers. This is contributing to the low inventory and increasing home prices. Some real estate analysis anticipate a downturn, which could result in increasing home prices to slow down. However, that’s not the biggest concern. The biggest risk outcome. The main worry is if institutional investors stop buying property in Charlotte, which could make appreciation rates slow down, not go into the negatives.
