Charlotte North Carolina Real Estate continues to grow at a dramatic pace. There is a lot to understand prior to purchasing your Charlotte North Carolina Homes. The purpose of a Charlotte Real Estate Blog is to clarify and also to dispel rumors that are so prevalent in the news.
Most have heard that North Carolina is the fastest growing State in the entire USA. What does that mean to you? Why is North Carolina growing? Charlotte North Carolina Real Estate is expanding because people all across the nation has heard about the fantastic Charlotte weather, Charlotte Homes, Charlotte banking and Charlotte business opportunities.
According to Blomberg, Charlotte has the lowest commercial real estate vacancy rate in the nation at 2.3 percent and still continues to decrease! Notice the continued growth in commercial real estate in Charlotte.
Charlotte Banking: Wachovia and Bank of America are headquartered in Charlotte NC. Our real estate prospers as a result. The 2nd week on January 08 announced that Bank of America is purchasing Countrywide Mortgage. Yes Countrywide is in trouble and Bank of America will get a good financial deal. A "good deal' is much more complicated that the sale price. Bank of America also has the expertise to bring Countrywide back to profitability.
Charlotte Airport is also expanding. US Airways has a major hub in Charlotte. US Airways has had a miraculous return to profitability thanks to the America West buyout and the new America West management team that is running the airline. US Airways has an extremely strong market position as it eliminates its weakest performing hubs and capitalizes on the growth cities. Philadelphia, Phoenix and Las Vegas complement Charlotte with strong traffic and growth. US Airways is now expanding its International travel out of Charlotte and will continue to bring jobs and further boost the Charlotte Real Estate market.
Charlotte drivers: I have heard complaints about Charlotte drivers. The Charlotte population has already doubled since 1980! Most of our drivers are not from Charlotte. The difficulty is that we have drivers from a wide array of "driving cultures". Driving Cultures? Yes. As you travel the globe, you will note that New York City, Cleveland, OH, Miami, FL, San Fransisco and Mexico have very different "driving courtesy rules". Our new population continues to blend with our residents and it all works well together. We understand that people take wrong turns and will be lost at times. We are OK with that. The majority of our residents remember being new.
For additional questions or concerns, feel free to comment via my blogs and I can address specific questions or concerns.
Charlotte Real Estate Blog
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