The following is a summary of his remarks during that interview.
“Charlotte’s come a long way since hitting the bottom of the housing market, which happened in October 2010 for Allen Tate. That year, Allen Tate ended the year with 12,266 closings.
We expect to end 2012 with 15,500 closings, an improvement of 20% over 2011, and a return to 2008 levels. In 2012, we have seen an average of 55 sales and 43 closings per day. Home prices really stabilized locally. I’ve never seen a year that was so steady.