The real estate market has been all over the map, today sales figures are looking good
Up, down, sideways, back and forth, it sounds like a game of hopscotch but is actually the way the economy, recession and the Charlotte real estate market have been moving. Mastering what is going on has had experts and professionals confounded, wondering how we can all come out ahead of the game. There is one aspect that most can agree on, good news is great to hear.
Today’s national headlines show that real estate contracts are up in volume. The good news is for housing affected stocks, as they increased in price. Some believe that the Spring buying season is starting early and it is good news for Charlotte, including homes near Freedom Park or homes in Dilworth and Cotswold. December has rarely, if ever, thought of as a Spring month but December showed that the Pending Home Sales Index is up over 10%.
There is no doubt that the local real estate market is faring better than a year ago. To continue coming out ahead job growth needs to improve, interest rates need to remain low and consumer confidence has to continue growing. So far 2010 is looking better than 2009 and I anticipate real estate sales, particularly homes for sale in Charlotte neighborhoods, will continue to rise.
