Bank of America's aquisition looks good for real estate in the carolinas

Bank of America's decision last night to purchase Merrill Lynch is just another step toward one of the most powerful companies in the world. Considering that this bank is headquartered in Charlotte, N.C., it is very exciting to think what the future holds for this area. Even in the face of the subprime crisis and layoffs by the major banks in Charlotte, this area has retained real estate prices to an incredible degree. New Home starts continue to flow and existing price remain steady. The country will soon see that the Carolina's is an extremely resistant area and equally desirable place to live. We have become the banking capitol of the south, we have some of the best universities in the south, our medical, research, and retail industries are growing at substantial paces The effect all these positive factors will continue to have on real estate and especially new home prices will be overwhelmingly positive. The future is certainly looking bright for the Carolinas!