Posted by: Roby Robertson | December 13, 2008

Lake Norman Real Estate;Is The Rebound In Sight?

Lake Norman Buyers on the Fence Lake Norman and Charlotte Area Buyers: Are you ON THE FENCE!

Here’s some news some of us have been waiting for: A prominant economist, John Connaughton of the University of North Carolina at Charlotte recently stated in the Triangle Business Journal that North Carolina’s economy will continue to decline through this year and beginning of 2009 by 0.2%.

He goes not to say say that this signals the end of the state’s expansion which began seven years ago. Additonally, he predicts in the 2nd quarter of 2009, growth should start again! He expects the gross state product to grow by 1.4% in the 2nd quarter on a annualized, inflation-adjusted basis.

What this says is that we’re at the bottom with a recovery in sight!!!

Everyone talks about when we’ll hit bottom and when is the optimum time to buy.  If you believe  this statement from one of North Carolina’s top economists then YOU SHOULD BE BUYING or giving serious consideration to it.   Another fact to pay close attention is interest rates.  If the government goes through, as expected, with it’s backing of loans offered at 4.5% by Frannie and Freddie, then I believe you should start looking at the real deals out there NOW. 

I’ve been advising my Lake Norman and Charlotte area clients for the last several months that we were close to bottom.  While it is impossible to predict, I felt we were getting close to bottom, however until now I have been uncomfortate stating it.

This is the closest I can come without flags, megaphone and dancing a jig to saying the bottom is coming.

There are so many fantastic deals out there, it makes a grown Realtor cry because he can’t buy them all himself and he can’t shake buyers off the fence.

If you need additional information about Lake Norman area Real Estate, please feel free to contact your Lake Norman Agent at 704 451 7051 or by email.

See Also:

Be The First To See Lake Norman Hot New Listings as soon as they become available.

What would my Lake Norman Home Sell For?

Why Lake Norman is such a great Destination

Roby Robertson


Saving My Clients Thousands



Real Living In Style
Davidson NC


Ph: 704 451 7051
Fax: 704 892 9766

Committed to Saving My Clients Thousands When Buying and Selling Real Estate


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