Tuesday, January 6, 2009

Where's the Housing Action?

On the blue line in Charlotte.

Development in the Charlotte region has slowed for sure, but real estate analysts say persistent developers are still making things happen.

Look no farther than the Lynx Blue Line, where the Charlotte Apartment Report says 10 communities totaling nearly 3,000 apartments are in various stages of development along the tracks paralleling South Boulevard.

This along with similar reports in Phoenix and Denver has been telling us what everyone needs to hear. If you want a strong region, there needs to be a range of opportunities for people to live. I feel like part of the reason for this continued construction on housing near transit is not only that its strong in a storm, but rather there is a lot of catching up to do in order to provide the actual product that people want. The market is so saturated with the same dreck, the pendulum swing is going to be long and hard. I hope it goes far to the other side, but I'm not holding my breath.

1 comment:

Cavan said...

Even if we have to get dragged there by physical and market realities, we will arrive in the 21st century.

It's better we plan for it but as we know, that's not always the case.