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Charlotte Real Estate Blog by Angie Adams




Charlotte Area Real Estate News. Homes for Sale
The Banking Industry is helping Charlotte buck housing downturn

Reported by Bloomberg.com, Sept.19

New York financial consultant Archie Luna will escape a 90-minute commute when he moves next month to Charlotte, North Carolina, where he's buying a $350,000 house that triples his space. ``My work-life ratio has really been pretty sad,'' said Luna, who takes a train daily from Long Island to Manhattan. ``We can get a house we really want in Charlotte, and I think if we make the right decision, we'll be sitting on a lot more equity in 10 years.''

Newcomers to Charlotte are finding an oasis in the biggest U.S. housing slump in 16 years. Homes are still affordable because Charlotte wasn't a target of the speculative second-home buying common in Florida and California.

Read more here: Banks Help Charlotte, North Carolina, Buck Housing Downturn


Also see www.AngiesWeb.com

Published Friday, September 21, 2007 12:22 PM by Angie Adams NC/SC REALTOR® Broker


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