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Charlotte housing market is surviving the Housing Bust so far

One Wachovia Center in downtown Charlotte is ailed as the up-and-coming Wall Street of the South, Charlotte, N.C., is home to the headquarters of both Bank of America and Wachovia. The banks have attracted a slew of young workers.

In addition to strong employment prospects, Charlotte is inexpensive to build in and speculation has remained low (home prices rose by just 36% between January 2000 and September 2007). That combination has helped keep the value of single-family homes relatively stable. Between February 2007 and February 2008, prices in Charlotte rose 1.5% — the only increase in a major metropolitan city.

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Published Thursday, May 08, 2008 11:29 AM by Angie Adams NC/SC REALTOR® Broker

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