Charlotte Named Top 10 Investment City.
According to Forbes Magazine, 2014 is a great year to invest in the Charlotte Real Estate Market. As any real estate expert will tell you, the secret to a prime investment is to buy low and sell high. The rankings for "Top Cities to Invest" are determined by a number of figures, namely growth of population, home prices, and the job economy. Here's a snapshot to show why Charlotte, North Carolina is 3rd on the list:
- 3 year population growth forecast: 24%
- Actual Home Price: $201,855
- Equilibrium Home Price: $237,985
- Difference: -15%
This means with a rapidly growing population and low home prices, now is a great time to buy a house... whether as a primary residence or as an investment property. You never knew your city's future was looking so bright, did you?