Is it a good time to buy a house in Charlotte?
I know this question has been asked but I'd like to know if it's a good time (or not an awful time) to buy a house in Charlotte, NC.
I'm a first time buyer and I'm excited at the opportunity at buying but (obviously) want to avoid buying at peak. My research indicates Charlotte's very cheap and didn't run up as much as other areas, so it makes me feel it might be okay to buy there and there's less chance for a collapse. However, I'm still concerned about a nation-wide housing bust.
So, good time to buy in Charlotte? If so, what (house, townhouse, condo -- I've heard condos are poor investments)? Is there "no bad time to buy" or should I wait it out?
Thanks a lot for your help.
It is a wonderful time to buy a home. It is a buyer's market. If you are a first time home buyer it is the best investment that you can make. Even if the property does go down it will come back up. This is a safe investment. One of the safest one's you can make. You can move in to a home for 0 or little money out of your pocket. As to the property type. It is always better to buy a single family home the re-sale is almost always better.
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