Charlotte Home Buyers are Getting Younger

The Good News: As entry level homes become more affordable, entry level Charlotte home buyers are getting younger, resulting in a “massive wealth transfer from today’s older homeowners to tomorrow’s younger homeowners”.

According to the Federal Reserve, home prices fell $6.3 trillion dollars – and with the slow rebound in home values expected to stretch into 2012, that’s $6.3 trillion in future dollars entry level home buyers won’t have to pay for their first home.

This looks to me like the silver lining everyone’s been looking for. Sometimes you just have to know where to look!