Holly Hester's Page

Hi Holly, welcome to ChaseNation. We invite you to join the conversation about Reno-Tahoe real estate. Feel free to leave comments, upload pictures, join groups, or create discussion topics of interest to our community. Our members are from all over and are interested in connecting with others living the Reno-Tahoe lifestyle.

Cheers!

Shari Chase
CEO, Chase International

Hi Holly, welcome to the Nation! If you have any questions, comments, or suggestions… please don’t hesitate to contact us. We take pride in the content, connections and collaboration shared amongst members. To ensure ongoing success, all must abide by our community guidelines.

Diane Cohn
Community Manager

Hello All, and thanks for the warm welcome!

The Charlotte market has seen less of a downturn in the real estate market, compared to the dismal market conditions and forecasts portrayed in the media. With that said, however, in the past 6 months, we have seen a significant slow down in closings. Our local Multiple listing board is showing about a 35% decrease in closings as compared to this time last year. With the credit crunch hitting us all now on a nation level, this is of little surprise. Charlotte is lucky however to have a diverse economy, which is the foundation for our market holding stronger than most. In fact, Forbes says Charlotte is Number 7 on the 10 Best Cities To Buy A Home list - read this: http://www.forbes.com/lifestyle/2008/07/14/housing-buyers-list-forbeslife-cx_md_0714bestbuy.html

Here is also a quote from Wachovia's June 2008 Economic Commentary which summarizes the current state of Charlotte's economy:
"Charlotte is one of only a handful of medium-sized metropolitan areas to break into the ranks of first tier markets during the past decade. Solid population growth, a well diversified economy, generally good governance and an enviable quality of life have moved Charlotte forward. The metro area is often ranked as one of the best places to do business, raise a family, find a job, or start a new company. Most recently, Charlotte attracted a great deal of attention for being the lone metro area in the S&P/Case-Shiller 20-City Home Price Index to post a year-to-year increase."

If anyone would like to receive updated , free Wachovia Economic forecast reports , please click on the following link to access the Economic Commentary by Email registration page: http://www.wachovia.com/economicsemail