Helen Adams Realty presented it 2011 Real Estate Forecast Event for the Charlotte North Carolina Metropolitan area this past Wednesday night at the Charlotte Country Club. In talking with estimated audience of 300, all said it was a very informative and a great event. The presentation started with Bob Morgan of the Charlotte Chamber of Commerce giving a detailed presentation on the Charlotte Economic Outlook.
Bob detailed Charlotte’s growth and how we stand in comparison to other cities for future growth. Charlotte continues to be one of the nations fastest growing regions by adding 59,000 new reside. By 2030 the Charlotte Metro area (MSA) is estimated to 4.8 million people. That is larger than Boston or Seattle today and nearing the size of Atlanta.
Other key points of Bob Morgan’s Presentation are:
- Charlotte Job Growth. We currently have just over 40,000 businesses in the region. That number will expand significantly to 142,000 businesses by 2030.
- The greater Charlotte Metro area continues to attract businesses. Both Foreign investment and internal US transfers. The Charlotte MSA has 850 foreign owned firms in the area and that number is expected to continue to grow as our population and infrastructure do.
- Companies like Electrolux, Husqvarna and Siemens have all relocated to Charlotte from around the country. In 2008 and 2009 2366 new and expanded companies brought 27,707 new jobs to the Charlotte MSA.
For more on Bob Morgan’s briefing please visit our website.
Bob Morgan was followed Jeff Adams, President and CEO of Helen Adams Realty giving a deep statistical analysis of the national and Charlotte Metro area housing market. Jeff Adams started off with some very inaccurate quotes of housing experts given in 2006 and 2007 benchmarking the difficulties in forecasting housing trends. Detailing the direct impact on the housing market the formation of new households or the lack there of and population growth from one region to another and how this relates to the Charlotte Metro area. Jeff went into explaining risk factors for housing prices followed by detailed breakdown of the greater Charlotte Market. In summary Jeff Adams expects to see a 1.7% increase in the number of homes sold and a 1% increase in the average home price. As with all housing statistics hyperlocal markets will vary in both number of sales and average home prices. Major trends that will continue to impact the Charlotte housing market in 2011 and for years to come is the growth in population, Charlotte’s improvement in infrastructure such as the expansion of Charlotte Douglas Airport ( a major hub for US Airways) and continual growth in higher education. The growth in human capital is Charlotte’s most valuable asset.
Please visit our website for the full presentation.




longest economic slowdown in our history. 



