There is good news mixed with bad. The 12 month through March 2008 S&P/Case-Shiller Home Price Index report released yesterday showed national home values are still in a decline. The national average decline is 14%.
The good news is Charlotte is one of the 20 urban metro market areas showing increases. The Charlotte metro market includes Fort Mill, Tega Cay, Lake Wylie and other outline areas or suburbs.
Our home values in the area have shown modest growth in the last few years which maybe the reason for positive home value growth instead of decreases in todays economy. Charlotte area home prices rose less than one percent but at least it is on the plus side.
More good new, home sales have increased slightly in the the northeast. So why is this good news for us southerners? Our area has seen significant migration of home owners from the the northeast to our humble area in the past years. So this is good news for Fort Mill, Tega Cay, Lake Wylie home sellers.
Keep smiling and don’t listen to all of the bad news. Don’t forget to contact Carmen if you are thinking of buying or selling a home.