Charlotte Makes Forbes Top Ten List

Check this out, according to Forbes Magazine:

"10 Cities Where It's Smarter to Buy For people who want to own a home, the premium to buy—the spread between what they’d spend to rent and what they’d pay for a mortgage—is much lower than the 15-year average in many cities.To determine what cities are smart buys, Forbes magazine computed the premium and also identified locales where economists predict home prices will go up the most over the next five years. Here are the top 10 cities the magazine chose as the best places to buy right now.

1) Boston
2) Charlotte
3) Chicago
4) Cincinnati
5) Denver
6) Minneapolis
7) Philadelphia
8) Portland, Ore.
9) San Francisco
10) Washington, D.C.

Source: Forbes, Francesca Levy (01/21/2010)"

How exciting is that? Good news for all of us in the Charlotte/Lake Wylie area. We can expect Charlotte area real estate to be a good investment, according to this article.

2009 was a tough year for real estate, especially lake front. Check out my website and other blogs for reports on Lake Wylie real estate sales. We're starting to see things turn around, though. Long term, real estate is still a smart investment. Buy something that you can enjoy, for a smart price. Sometimes what appears to be a "deal" really isn't. When buying or selling waterfront property, it is best to consult a waterfront specialist, like The Lake Wylie Man.