I came across this NC chart . It looks a very good market to get in. I need your opinion. Thanks.

AI.

I've been hearing that for a few months now. Are you speculating or investing?

My son lives in Charlotte, and it's booming. Just bought his house a few months ago. Bought a very nice 4BR/2BA for $164k. By the time he closed, two 2BR on his street went for $205k+.

That's obviously not typically, and he happened to get in the right neighborhood.

Can't really speak to Raleigh (as in your chart), but Charlotte is hot. Lots of out-of-towners. When young northerners head south, they land in Charlotte.

Plus, lots of money there with Bank of America, Wachovia, and the VC industry.

The whole Charlotte metro area is booming, including the upstate area of SC (including Ft.Mill, Rock Hill). We keep hearing about a slow down, but haven't experienced it here yet (and hopefully won't)

Well, I am a Realtor in Johnston County, NC. Johnston County is located adjacent and southeast of Wake County, which is where Raleigh is located. The market here is very stable. We are not experiencing issues as other markets at this time. Wake County is a strong market. It has been a growing area for some time now. They are experiencing growing pains in relation to the school system and transportation. But, the property value continues to increase .

We are experiencing the ripple effect of the overgrowth of Wake County. Our area is growing at a rapid pace. There are definately excellent investment opportunities in this area. Please email me and I can tell you more.

Question: do you find that people from New York, for example, that sold high and bought cheap are now trying to resell and make huge NY style profits?

Although I can not tell you specifically about any trend concerning New Yorkers in particular, I can say that, yes, there are some people that bought low and are selling for a gain on their investment. If you are thinking about buying in North Carolina, there are definately areas that you can still buy low, esspecially when compared to New York prices. Let me know if I can help you further.

I've been to NC and have no desire to move there, I love New York! NC is way to hot for me. But I have noticed that a lot of my sellers move there, and lately some of the areas they are looking in prices seem high. Plus I've noticed what people moving BACK here have sold and listed their houses for.

There has definately been a rise in prices in some areas of the state. Some areas have seen the increase due to the baby boomers retiring and choosing NC, other areas it is due to industry growing and bringing in more workers. Where in NY are you?

Many people that move here and don't like it. It's a different lifestyle and culture and it takes time to get used to.

Long Island

I see you are out of Cary, so I am sure you see that often. I agree with you that some do not embrace the "native culture", but as someone who also grew up in the North, time does more than help to get used to the differences, I believe it makes one embrace the differences. There is nothing like some sweet tea on a summer's day!

NC, specifically Charlotte, is a really really good place to live in right now. My cousin just bought a house for 185K and it was a 3BR, 3 BA, 2-car garage. The deck had a gazebo and the closet space was awesome. He couldn't believe it as he had just transferred from Anaheim where houses cost a fortune.

All the luck!

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Why match when you can itzamatch?

I really like the Triangle Area of North Carolina. I personally live in Wake Forest; which has been one of the fastest areas in the Triangle as far as growth. If you would like I can send you a relocation packet which can give you more info on all the different areas in and around the Triangle. I should mention that the Triangle consists of Raleigh, Morrisville, Cary, Durham, Chapel Hill, Apex, Wake Forest, Holly Springs, Fuquay Varina, Youngsville, Knightdale, etc...

For more information on North Carolina, read my two articles on Charlotte and Raleigh North Carolina below:

Charlotte North Carolina Real Estate | Raleigh North Carolina Real Estate |

Thank you for the information on this post.

Sincerely,

Fernando Spindola
Real Estate Agent
CA License #: 01745219

ERA American Dream Realty
8211 E. Firestone Blvd.
Downey, CA 90280
Direct: 323.456.6110