Many of the residents living in Indian Trail and Monroe work in Charlotte or Mecklenburg County. Past statistics show it is important for Indian Trail to undergo timely strides to keep up its infrastructure with the growing population to make Indian Trail a first-rate town.
Charlotte is one of the few places across the United States with home values on the rise. Home prices rose 4.3% in October in 2007 when compared with October of 2006. Charlotte’s strong economy lends itself to the rise in home values. An average of 14,000 jobs were created in 2007 when compared to the 12,000 new jobs created in 2006. Many home sellers are not willing to make price-cuts to their homes to speed up the sale; most home sellers leave their homes are the market longer, which has led the average time of a house on a market to increase to almost 124 days.
Home prices may fall 10% over the next 12 to18 months nationwide, but will rebound in late 2008.
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