Unlike some of the major U.S. markets, Charlotte, North Carolina, is experiencing strong growth in its real estate market.
“Everyone’s moving to Charlotte,” said Jason Gentry, managing broker at Premier Sotheby’s International Realty, which services the Charlotte area.
The banking and tech sectors are strong in Charlotte, and more business is coming, as several companies, like Honeywell, plan to relocate there in the coming year. And a growing economy, combined with the city’s mild weather, lower cost of living and good schools, is making buyers take notice, according to Mr. Gentry.
In fact, the market is having trouble meeting the demand.