Charlotte Home Ownership Beats Surrounding Cities In Affordability, But Act Fast!

Buying a family home in a modern, bustling city is within reach in Charlotte, NC. (a mortgage research site) has identified Charlotte as the ideal area to purchase an affordable mid-sized home, however one must act fast as prices are rapidly increasing. The Queen City has become an in-demand location for new homeowners due to payments reporting lower than the national average, even beating metropolitan cities such as Nashville, Austin, and Raleigh. Home ownership in the Charlotte area is now within reach for buyers of a medium income of $56,000. This report does, however, account for a 20% down payment and other base price fees. It also is apparent that home prices are on a constant rise, more specifically up 6% since June 2017 (which is faster than the national average.) So what does all this information tell you? The time to buy is now!


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