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Charlotte Among Recession-Resistant Cities...
By John Walker
Forbes.com has included Charlotte, NC on its list of ten recession-resistant cities in the United States. Chosen from among the country's fifty largest metropolitan areas, the ranking cites the cities for their high job growth, rising home values and low unemployment amid a national economic downturn. Charlotte continues to buck this national trend by ranking ninth on the list. Despite a recent rise in unemployment, the economy in the Charlotte metropolitan area has been resilient. Home prices have shown healthy growth, and industries including professional and business services, leisure and hospitality, transportation, education and health are expected to steady the local economy throughout 2008. The stable and growing employment in these and other industries has helped maintain relocation to the area as these new workers search for homes. Topping the list is Oklahoma City, Okla., followed in order by San Antonio; Austin, Texas; San Jose, Calif.; Raleigh; Salt Lake City; Houston; Seattle; Charlotte; and Dallas/Fort Worth, Texas. In compiling its rankings, Forbes.com looked at unemployment and expected industrial growth data through February from the U.S. Bureau of Labor Statistics. It also surveyed home-price data from the National Association of Realtors and gross metropolitan product projections from the U.S. Conference of Mayors.
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Contributor's Note
Adapted from a Forbes magazine article on the subject
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This intel first appeared on: http://www.southeastcharlottehomes.com/Blog/Charlotte-Among-Recessi...
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