Wednesday, December 26, 2007

Merry Christmas and a GREAT Present for Charlotte: Yet ANOTHER Great Article!

Here is the article that was just printed today: December 26th about Charlotte:

Charlotte is one of just three places where home values are up
BY STEPHEN BERNARD
AP Business Writer
NEW YORK --There are only three places in the country where homes prices are rising - and Charlotte, N.C., is at the top of that very short list.
Along with Charlotte, Portland, Ore. and Seattle posted year-over-year home price appreciation in October, with Charlotte posting the largest gains at 4.3 percent, according to the Standard & Poor's/Case-Shiller home price index released Wednesday.
The index found that nationwide, U.S. home prices fell in October for the 10th consecutive month, posting their biggest monthly decline since early 1991. The record 6.7 percent drop marked the 23rd consecutive month of price deceleration.
The record 6.7 percent drop also marked the 23rd consecutive month prices either grew more slowly or declined.
"No matter how you look at these data, it is obvious that the current state of the single-family housing market remains grim," said Robert Shiller, who helped create the index, in a statement.
The previous record decline was 6.3 percent, recorded in April 1991. The S&P/Case-Shiller home price index tracks prices of existing single-family homes in 10 metropolitan areas compared to a year earlier.
A broader index of 20 metropolitan areas fell 6.1 percent. Among the 20 metropolitan areas used in the broader index, 11 posted record monthly declines and all 20 declined in October compared to September.
Miami posted the largest decline among those 20 markets. Home prices in the Miami metropolitan area fell 12.4 percent in October compared to the same month last year, surpassing Tampa, Fla. as the worst-performing city. Tampa posted a year-over-year loss of 11.8 percent.
Besides those two cities, Detroit, Las Vegas, Phoenix and San Diego also posted double-digit year-over-year declines.
Atlanta and Dallas, which had previously posted price appreciation, fell in October. Prices fell 0.7 percent in Atlanta and 0.1 percent in Dallas compared to a year earlier.

Some MORE great news and positive reports. Don't let this incredible opportunity pass you by. Call me today and let's get your portfolio of investments full of properties in the BEST Real Estate market in the US...(Don't forget that the Charlotte Region is the FASTEST growing market in the ENTIRE UNITED STATES projected over the next 20 years which means great value for your investment purchases of today in tomorrow!)

Cheers,

Mike Knight
704.631.9938