I am based out of Greensboro and Charlotte NC. North Carolina, in general
is doing pretty well (if you ignore the media and look at the facts). Charlotte is booming.
I am writing this post from Everett WA, just north of Seattle. I read the Seattle newspaper yesterday and the median price of a home is over
500,000, up around 10% from last year. I had been reading about Seattle
for some time, because it is often mentioned in the same articles as Charlotte.
This is another example of why we should not talk in generalities about
real estate and also not let the media act as a catalyst. Now is a great
time to buy in many areas before the public comes out of the media
induced stupor.