Housing Values In The Carolinas

The last 3 years have certainly been a roller coaster in the housing markets!

Fortune magazine just released its "2010 Housing Outlook". Based on Moody's Economy, they're predicting further decreases in prices on average of 5-10% this year, and more like 20- 30% in places like Phoenix,  Las Vegas, and Miami!

The median new home price is the lowest it's  been since December 2003! This is about 10% lower than last year.

With foreclosures and unemployment at record highs, this doesn't surprise me.

However, compared to the rest of the country, if you're relocating or retiring to North Carolina or South Carolina, there are some bright spots you'll want to know about!

• Charlotte NC's 2009 median housing price is $185,880. It's expected to decrease by 2.3% in 2010, and increase by 1.4% in 2011.
• Columbia SC has a median housing price of$135,980.  It's expected to decrease by 2.66% in 2010, and increase by 2% in 2011.
• Greensboro NC has a median housing price of $135,920. It's expected to decrease by 2.8% in 2010, and increase by 1% in 2011.
• Greenville SC has a median housing price of $140,430.  It's expected to decrease by 4.10% in 2010, and increase by 1.26% in 2011.
• Raleigh NC has a median housing price of $215,510.  It's  expected to decrease by 4.38% in 2010, and increase by 1.9% in 2011.

Based on what's going on in the rest of the country, that's pretty good!