Economic studies consistently show that real estate remains one of the best performing consistently long-term investments. Median existing home sales prices in the United States and the Charlotte NC Real Estate areas have increased on average of 6.5% each year from 1972 through 2005 and 80% of the past 10 years combined. For consumers looking for the long-term and stable growth rates, real estate is the answer. First-time homebuyers recently received another incentive to buy a home. They can now get a $7500.00 tax credit for qualified home purchasers into June 30, 2009, thanks to recently passed housing stimulus legislation at the federal level. Particularly in North Carolina, it's a great time to buy. For the fourth consecutive year North Carolina has received the award for top business climate, according to Site Selection Magazine. Seven North Carolina urban areas ranked among the nation's Top 100 Best Performing Cities in annual economic performance index. There's an economic decline nationally, North Carolina has not been immune to the effects, Williams says. But the fact remains that North Carolina's economic climate is strong, and this is a beautiful state filled with many amenities that ensure our residents have a wonderful quality of life. For people with good credit and stable employment there opportunities awaiting you in North Carolina's housing market.
The North Carolina Homeowners Alliance is a nonpartisan, nonprofit advocacy organization committed to representing homeowners and property owners in the state of North Carolina. Its mission is to advance and promote issues of concern to all North Carolina property owners. The Alliance will work on behalf of property owners by means of education and advocacy. Through education, the Alliance will keep the state's citizens informed regarding issues that impact homeowners and homeownership in North Carolina.
