PY Brings the Real Estate Boom

Don’t be fooled by the sweet Southern accent; Charlotte is the second-largest banking capital in the U.S., behind New York City. With the University of North Carolina nearby and tons of cultural attractions, this is a city that won’t get tired. The market is reflecting what residents already know: Median home prices hopped to $205,400 in 2007, from $180,900 in 2005. Charlotte’s vacancy rate is just a bit above the national average at 3.1%, reflecting a lot of space that is likely to get snapped up.