Economic indicators are like test results after a check-up with your doctor.  You may feel well but the results could tell you differently.  The Charlotte Observer published today a list of leading economic indicators for Charlotte as of March and April of 2009. 

Charlotte may say it feels well but the test results were not pretty.  Here are some of the results:

1. Foreclosure filings in April were up 100% year over year although foreclosures in general were down 49% in March year over year
2. Unemployment Rate was up 110% in March year over year
3. Building Permits were down 52% in April year over year
4. Bankruptcy Filings were up 56% in March year over year
5. Average home prices were down 14% in March year over year

I do agree with the various pundits and believe “the bottom” albeit for real estate, the stock market, or the economy is around the corner - maybe as soon as the end of the year.  But…the 10 million dollar question still remains….how long will it take for Charlotte to show it really feels well again?

Let me know what you think…

Ciao Bella