Forecast: Values of homes likely to hold (mortgages, new home)

[Weis02]

They report that the prices of homes in charlotte have risen at a moderate pace so there are few concerns about a price bubble or a large price correction given the highly affordable conditions.

3 yr appreciation is about 15 percent; nationally, it's 31 percent.
Compared to other metro areas, fewer mortgages here were used to buy second or investment homes reducing the chance that homes will be dumped back onto the market.

Job growth in North Carolina is likely to outpace the nation.

The report says builders need to be careful not to flood the market with too many new homes. Single-family housing permits here were up 21 percent during the first quarter of 2006, compared to the same three months last year, while permits across the country dipped slightly.

For the rest of the article in todays' N&0- http://www.charlotte.com/mld/charlotte/living/home/15642080.htm (broken link)

[lovesMountains]

Originally Posted by Weis02

They report that the prices of homes in charlotte have risen at a moderate pace so there are few concerns about a price bubble or a large price correction given the highly affordable conditions.

3 yr appreciation is about 15 percent; nationally, it's 31 percent.
Compared to other metro areas, fewer mortgages here were used to buy second or investment homes reducing the chance that homes will be dumped back onto the market.

Job growth in North Carolina is likely to outpace the nation.

The report says builders need to be careful not to flood the market with too many new homes. Single-family housing permits here were up 21 percent during the first quarter of 2006, compared to the same three months last year, while permits across the country dipped slightly.

For the rest of the article in todays' N&0- http://www.charlotte.com/mld/charlotte/living/home/15642080.htm (broken link)

I read this in yesterday's paper too. Great news for us here in NC, don't you think?

[a1m1700]

Originally Posted by lovesMountains

I read this in yesterday's paper too. Great news for us here in NC, don't you think?

Sounds good to me..........

[Pasadenagirl]

It's good to hear job growth will be strong. I wonder what sectors?