Charlotte Real Estate Talk
Are We in a Real Estate Bubble?
Scott Pridemore and Mike Hege answer the question, are we in a real estate bubble?
If you lived through as we did and practicing real estate in 2008, 2009 and 2010, that was a very different time period in history than it is now. (0:44)
So another factor that was in play in 2006, 2007, 2008 when the bottom fell out, was the fact that you had plenty of inventory then. It wasn't a matter of shortage, which we're in today. (2:11)
Another layer that we have here in Charlotte that we didn't have to this degree in 2008 is the influx. Certainly people were moving to Charlotte, but I would tell you the influx that we're currently seeing is probably 10X what we saw pre-2008. (5:02)
This may be a shocker for you listening, but we are still in the metro Charlotte area, an undervalued city as it relates to the major markets all across the country. (7:27)