Charlotte Residential Market Positive
By: Leon Castles
on Wednesday, January 09, 2013
The housing market in the United States is soaring high in the last few months and Charlotte is one such place where the residential market is gradually growing. Some of the real estate experts believe that Charlotte is attracting lot of financial and banking companies and therefore it generates good amount of employment in the city which attracts jobseekers from around the nation. The residential market in Charlotte is already into positive and the improvement in the city is already into double digits. According to the report provided Charlotte Regional Realtors Association the residential real estate closing in the city has improved by 23.4% which is a huge improvement that the city has seen.
Closings in the Charlotte region for the year 2012 have jumped to 2,339 from 1,896 in the previous year. This means that more and more buyers are now buying homes in the Charlotte region including all the ten counties close to the city. The Charlotte housing market was nearly down but the market has shown great improvements in the year 2012 and has positive trends for last 11 months. The report also indicates that the home closings have improved by 35% which is a great achievement for the housing sector while the same numbers have increased by 36.8% compared to the October 2012 figures.