Sitting back and reflecting on the real estate industry, I am amazed at all that we have been through. There is no denying that over the past decade, we have lived through some extreme highs and extreme lows together. That being said, if we take a step back to examine the real estate market since 1950, it is clear that we are continuing to see forward progress. Today, we are adjusting and recalculating from a 5-year hiatus, which is why I felt the need for the Allen Tate Company to create a blog where myself and my Allen Tate team members can share with you information about home ownership. This is a very important topic to us and is one that covers buying and selling homes, mortgages and insurance, relocation and renovation as well as the state of national, regional and local housing markets.
As the sun rises on the residential housing market in America, there is an extra ray of light shining on the place I call home.
The I-40/85/77 corridor has been named among one of the strongest metropolitan areas in the country. In a nutshell, the Carolinas represent a region poised for unparalleled growth and attention. Why is this, you may ask? I attribute it to the economic diversity of our job clusters, climate (who could possibly say no to this weather?!), pro business attitudes, work ethic, quality of life, and cost of living to name just a few.
While the rest of the country slipped into the current housing recession, in some cases 2-3 years earlier, we were slow to slide because of job creation and our diverse economies. Coming out of this recession, I am very confident that we will be an “early riser.”
The growth in economic development from the Triangle to the Triad, Charlotte to Upstate S.C. has attracted and enticed emerging businesses, both big and small, to open satellite branches or relocate their headquarters here. Complementing this growth is the magnetic draw we have on retirement, second career folks and young people who are finding that this is the spot that offers it all.
When it comes to the Carolinas, I believe that the possibilities of diversity are endless. Medical, energy, automotive, defense, research, distribution, finance, higher education, travel and tourism, and service sectors are just a few of the many clusters that will lead the way and bode well for the “sunny days ahead.”
-Pat Riley
Pat's blog is great! The headline made me smile.
May 25th, 2010 at 10:30 am
Nothing could be finer . . . . . . . .
May 25th, 2010 at 1:29 pm
This reminds us all just how fortunate we are.
May 25th, 2010 at 3:47 pm
The Carolina's rock...I agree that the possibilities are endless!
May 25th, 2010 at 3:54 pm
Great post Pat! I am proud to be associated with the Carolina's #1 leader in Real Estate.
May 25th, 2010 at 4:05 pm
Thanks for keeping us focused on the opportunities Pat.
May 25th, 2010 at 6:25 pm
Calling Carolina home is a blessing. And this just points out other great reasons to be proud.
May 25th, 2010 at 7:26 pm
Nothing could be finer than to be in the Carolinas! We are blessed to be sure.
May 25th, 2010 at 7:36 pm
South African by birth, Carolinian by choice! Thanks for a great post, Pat, I am indeed very grateful to call North Carolina home. Onward and upward!
May 26th, 2010 at 1:07 am
We are truly blessed and Pat's comments are great reminders!
May 26th, 2010 at 2:02 am
Great blog. Love the enthusiasm. Things are looking up!
May 26th, 2010 at 1:47 pm
I agree and I am interested in becoming a real estate agent. Could you send me some info?
May 26th, 2010 at 4:16 pm
We’re glad you agree! Real Estate is a great industry to get into right now. Here is a link to a helpful resource to get you started - School of Real Estate. Barbara O’Rourke would be the best person to speak with about becoming a real estate agent. We look forward to having you join the industry!
May 26th, 2010 at 8:52 pm
Nice to find something positive to share with my sellers. I believe in Charlotte and appreciate this blog! Thanks for creating it!
June 1st, 2010 at 11:32 pm
We are very fortunate to live in this region of the Carolinas!
June 8th, 2010 at 9:40 pm