Tag Archives: CNN Money

CNN Money Ranks Carolina Markets as Best Buys

If you’re looking to buy or sell a new home, some real estate markets have recovered better than others. Recently, CNN Money ranked their top five markets for buyers, and two Carolina real estate markets made the list.

Coming in at number one was southern South Carolina, which includes towns such as Beaufort, Hilton Head Island and Charleston. Currently, homes are averaging 156 days on the market and being listed at $269,900. This means that buyers have a longer time to shop around for their perfect home, although they shouldn’t expect great deals to stay on the market as long.

The Asheville market makes the list at number four with 146 days on the market on average and a median listing price of $249,900. Housing here still remains inexpensive especially considering that the city consistently ranks as a top place to live. However, those looking to buy will find that inventory has dropped significantly over the past few years.

For the full list from CNN Money, click here.

North Carolina Cities Make the 10 Fastest Growing U.S. Cities List

According to the U.S. Census Bureau, Charlotte’s population has grown 64.6 percent between 2000 and 2010 making it one of the 10 fastest growing cities in America. Despite the recession and housing market, Charlotte has record population gains despite the national average of 10 percent population growth.

Initially recognized as a transportation center, Charlotte is now the “second largest financial center in the nation, after New York,” said Bob Morgan, president of the Charlotte Chamber of Commerce.

Jobs at big banks like Bank of America, Citi, Ally Financial, JPMorgan and Wells Fargo have helped the city grow tremendously.

Because of this population growth, there was an increase in demand of Charlotte new homes.

Another North Carolina city that has overcome the odds despite economic instability is Raleigh with a 63.4 percent growth between 2000 and 2010. Because of the high percent of population growth, there has been an increase in building Raleigh new homes.

Named after Sir Walter Raleigh who popularized tobacco use, the city of Raleigh once depended on the tobacco crop for economic success, but now Raleigh is known for its intellectual hub of many technology firms. These firms include Red Hat, an open source software company and Etix, a web-based ticketing company for sports, entertainment and travel.

For a complete list of the 10 fastest growing U.S. cities visit CNNMoney. For more information on Carolina real estate, visit the website.

Greenville Ranked Ninth Fastest Growing City

According to a CNNMoney report, Greenville was the ninth fastest growing city in the U.S. with a 32.5 percent growth between 2000 and 2010.

According to the report, Greenville has become an “international powerhouse” for companies globally. Greenville, once known for textile manufacturing, is now grouped with Spartanburg, Anderson and other towns as “The Upstate,” the northwestern region of South Carolina.

Because of the increasing job opportunities, real estate builders are expected to meet the growing population.

With over 250 international firms, including BMW (Germany), Michelin (France), GlaxoSmithKline (United Kingdom) and Kyocera (Japan), Greenville is becoming the manufacturing hub where people come from all over the world to buy, sell and study the manufacturing industry.

“That’s the highest international investment per capita in the nation,” said Nancy Whitworth, Greenville’s Director of Economic Development.

Eight out of the 10 fastest growing cities are in Southern states. Greenville, Spartanburg and Anderson’s total population is approximately one million.

Looking for new homes in Greenville? Visit our website for all the latest South Carolina real estate news.