The prices of homes in the Lake Norman area are currently at all-time lows...In the town of Mooresville, for example, home prices have gone down by almost 20 percent on a year-over-year basis since 2006.
Denver, NC (PRWEB) April 15, 2010
In its article about the "10 Best Places for Second Homes," financial magazine Barron’s reports that the "prices of luxury real estate are finally starting to rise, as bargain hunters swoop in." According to real estate specialist Jessika Tucker, 2010 makes an opportune time to invest in luxury, vacation or second homes.
Specializing in the Lake Norman real estate market, Tucker reports that due to the stabilizing real estate market and positive forecasts about a recovery, home buyers can find unprecedented deals in Lake Norman, NC homes for sale today.
"The prices of homes in the Lake Norman area are currently at all-time lows," she says. "In the town of Mooresville, for example, home prices have gone down by almost 20 percent on a year-over-year basis since 2006. Still, at the same time, nearby communities are showing signs of recovery. For example, the Stanley real estate market, increased by 1.6 percent year-over-year from 2006 to 2010."
While no one would call these early signs of possible recovery conclusive, many investors are already making their move, with quite a few expressing an interest in Lake Norman foreclosures as well.
"It's my opinion that we’re nearing the bottom, if indeed we aren’t there already," says Tucker. "Lake Norman will probably recover more quickly than other markets and it has long been one of the greater Charlotte area’s most highly sought-after real estate."
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