North Carolina has much to offer and is booming. North Carolina
real estate is on the move as well.
North Carolina
North Carolina is a state with a variety of styles. Head to the
mountains and you'll find a slower, gentler pace of life in
stunning scenery. Providing over 15 percent of all the Christmas
trees in the United States, the mountains are full of pines,
winding roads, little towns and a hot bed for outdoor activities
such as fishing, hiking and camping. Head down into the plains
and you're in the tobacco heart of the country, not to mention a
hot bed of colleges with Duke, the University of North Carolina
and North Carolina State so closely situated that rivalries are
red hot. On the coast, you'll find beautiful beach areas with
little towns and rollicking fun. Locations in North Carolina
consistently appear in top ten rankings for best places to live
in the country.
Charlotte
Charlotte has exploded over the last ten years and is now the
biggest city in North Carolina. The explosion has occurred
through careful planning by city leaders, who aimed to make the
city an economic hub in the south. Although the neighborhoods
contain interesting little shops and areas, the city as a whole
lacks the southern charm found elsewhere. If you want to live in
a modern southern city, Charlotte is a good place. Some,
however, complain the massive development has robbed the city of
its soul.
Raleigh-Durham
The Raleigh-Durham area of North Carolina is a hot bed of
college life. Duke University and the University of North
Carolina can be found within easy reach of each other. Let the
rivalries begin. If you're a college basketball fan, this area
rivals the competition between Lexington and Louisville in
Kentucky.
Raleigh is the capitol of the state and a nice little city.
Visiting the city is more about taking in the lifestyle versus
seeing anything in particular. Walking throughout the area will
feel a bit like exploring Charlotte, but with the soul of the
place still in tact. With the surrounding colleges, the
Raleigh-Durham area has that unique, eclectic college atmosphere
you typically find with institutes of higher education.
North Carolina Real Estate
North Carolina real estate is fairly reasonably priced. In
Charlotte, a single-family home will run you in the $200,000
area with plenty of housing available. If you prefer the
Raleigh-Durham area, you can expect a slight increase in average
home prices of maybe $20,000.
Appreciation rates in North Carolina are modest to say the
least. Despite the economic boom in Charlotte, overbuilding has
lead to plenty of supply. In 2005, real estate in the property
appreciated at a rate of roughly six percent.
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