Charlotte has lagged much of the country in this period of economic recovery, but the region has finally begun to see a few small signs of better days on the horizon. Over the past several months, there has been gradual improvement in the unemployment rate and home price index in the region. These bright spots are welcome news in a region that continues to suffer the effects of the Great Recession.
Many people are surprised to learn that agriculture is the No. 1 industry in the state. However, North Carolina is losing farmland faster than any other state – and the number of dairy farms is down dramatically.
In the wake of the financial crash, many real estate developments across the Charlotte region appear frozen in various stages of construction. But a few of these so-called “zombie subdivisions” may be reviving, as developers regain their financial footing and, in some cases, propose new plans. (Click here for a photo gallery of abandoned subdivisions in and around Charlotte.)
How much are homes in your neighborhood worth? The era of upside-down mortgages and foreclosures has left homeowners across the country anxious about home values – theirs and their neighbors'. In the midst of this housing market upheaval, explosive growth in the Charlotte region has reshaped residential patterns.