Housing Values In The Carolinas

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

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  your best place to relocate or retire is to North Carolina or South Carolina, there are some bright spots you'll want to know about!

• Charlotte NC
  • 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
  • Median housing price of$135,980
  • It's expected to decrease by 2.66% in 2010, and increase by 2% in 2011
• Greensboro NC
  • Median housing price of $135,920
  • It's expected to decrease by 2.8% in 2010, and increase by 1% in 2011
• Greenville SC
  • 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
  • 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!

So, don't give up on North Carolina or South Carolina as your best place to relocate or retire.  You might just find there are some fantastic deals to be made.

About Bob Bencivenga

Bob Bencivenga is a professional site locator and location analyst for major corporations and has been researching the growth of NC and SC to find the Best Places to Retire or Relocate that are still affordable.

Visit his blog The Carolina Report and sign up for FREE updates by email,his FREE Affordable Best Places To Live Report and, get FREE Expert Advice on how to find Your Best Place to Retire or Relocate to in North Carolina and South Carolina, additional resources, and a lot more. Bob does not sell real estate.

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