March 15th, 2009 1:23 PM

 

March 15, 2009 - Charlotte, NC: According to a recent article in BusinessWeek, housing prices are improving significantly and inventory is shrinking in markets that were hardest hit during the real estate downturn. California, Florida, Arizona, Nevada and Michigan are seeing signs of improvement which is great news for the Charlotte relocation market.

 

For years, Charlotte and the Carolinas have experienced a high volume of 'transplants' coming from more expensive areas, such as California and Florida as well as colder climate cities such as the upper midwest and northeast. Recently, those wanting to move to the Charlotte area have been unable to do so because of the difficulty in selling their homes elsewhere.

 

This report suggests encouraging news that the hardest hit areas may finally be turning a corner. As these markets begin to move, they will have a positive ripple effect on real estate markets in Charlotte and the Carolinas.

 

According to the article, housing sales are improving significantly in key ZIP codes around the country where prices have moderated, according to information compiled for BusinessWeek.com by First American CoreLogic.

ZIP codes in California, Florida, Arizona and Nevada dominated the list, but there were also ZIP codes on the top 25 most-improved sales list from the suburbs around Detroit and Minneapolis and in the metro areas of Atlanta and Chicago.

Inventories are shrinking and prices are stabilizing in several markets, according to the survey. Here are the top 10 ZIP codes with improved home sales:

1. 94533, Fairfield, Calif. (Fresno)
2. 92376, Rialto, Calif. (Riverside-San Bernardino-Ontario)
3. 91342, Slymar, Calif. (Los Angeles-Long Beach-Santa Ana)
4. 92126, San Diego, Calif.
5. 33914, Cape Coral, Fla. (Fort Meyers)
6. 93065, Simi Valley, Calif. (Oxnard-Thousand Oaks-Ventura)
7. 95123, San Jose, Calif.
8. 85379, Surprise, Ariz. (Phoenix-Mesa-Scottsdale)
9. 93722, Fresno, Calif. (Madera)
10. 95624, Elks Grove, Calif. (Sacramento-Arden-Arcade-Roseville)

Source: BusinessWeek.com, Prashant Gopal (03/05/2009)

About Nancy Winters- Real Estate Broker and Relocation Specialist, Charlotte, NC

With more than twenty years of experience in teaching, entrepreneurship and public service, I enjoy putting those skills to beneficial use as a full-time licensed real estate broker in Charlotte, North Carolina.

I specialize in helping individuals and families relocate to the Charlotte area. Having moved and traveled throughout the world much of my life, I am familiar with the excitement and upheaval that comes with navigating new surroundings and a new home.

I take great pride in my clients knowing I have their best interests at heart and was awarded the 2008 FIVE STAR: "Best in Client Satisfaction" among real estate agents in Charlotte, North Carolina. I am happy to help you or anyone you know with your real estate needs. ~ (704) 345-5844

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