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Charlotte housing market could be the first to rebound!

According to a report this week from a Wall Street firm, the Charlotte area’s housing market could be among the first to bounce back.

Charlotte was one of 13 regions examined by housing analysts with UBS Securities, who considered demographics, housing inventory, affordability and other economic factors.

Charlottes’ big banks job losses are a concern, but in general, population and job growth make Charlotte a leader. The Prices in Charlotte didn’t explode and so haven’t plunged as they have in overheated markets.

Based on this analysis and report, I believe markets that are currently outperforming, including Texas, Charlotte, and Atlanta, will be among the first to recover, driven by limited levels of excess single-family supply, good affordability, and robust job growth.

They don’t say when the bounce-back will occur, but offer this Greenspanian forecast: “In our opinion, a sustainable trough in for-sale housing will not be achieved until we reach a viable sales pace that can be maintained at a given price level.”  Also see www.AngiesWeb.com

Published Sunday, June 15, 2008 9:03 AM by Angie Adams NC/SC REALTOR® Broker

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