Your North Carolina Dream

People young and old who have lived much of their lives in other places but have enjoyed North Carolina’s vacation offerings for many years, are among the many who choose either to build their own vacation home in our state, or find a way to live here full time. Even if that means moving their business to North Carolina, starting all over again with a new business, or just retiring to one of our spectacular communities specializing in making golden years golden.

Yet by now almost all of us old enough to know it takes money to live are keenly aware of the housing crisis that began a couple of years ago, became steadily worse throughout the country as the bubble burst entirely, and is now affecting more and more people who got fine prime rate mortgages. So this is a pretty good time to check real estate trends in some of North Carolina’s most popular and/or populated areas, see how our state is holding against current and developing economic trends. If you’re planning or just dreaming about a North Carolina home, here are some constantly updated sources you may want to check regularly…

Realty Times NC Market Conditions
NC Real Estate Market Reports
NC Mortgage Guide: FHA

Forbes voted Raleigh as the #1 city in America for careers, and the U.S. Census Bureau projects that more than Three of the top five housing markets in America that have maintained their home values are in North Carolina.

On June 19 the Charlotte Business Journal reported that North Carolina banks are outperforming nearby states on real estate loans. Our banks are still lending, at record low interest rates. WITM reports that despite the 28% drop in home sales during 2008, 2009 so far shows sales have regained 4%. Property values have fallen a bit to what was average in 2003, and there are bargains out there.

Small business loans are also being made in increasing number as the stimulus gets allocated, so this can be a positive relocation consideration as well.

Economic prognosticators are all over the board in this current recession, which came with a collapse of major players in such a way that no one has real experience with making firm projections. Recovery may be long or short, the “liquidation” of assets and businesses out in the real world could slow or speed. But if your family are among the many who have not been utterly ruined, it’s a good time to begin looking forward to making your future dreams come true. And if those include a little slice of the Paradise we call North Carolina, get started! From now through at least the next six months some great bargains will become available wherever in our beautiful state you decide best suits you!

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