There is absolutely nothing wrong with the Chapel Hill area! The reason the home prices are lower right now is because that particular area was built during the time of 100% financing and no money down programs. Unfortunately, it has taken a hit because of those types of loan programs and homeowners not being able to keep up with their payments. There are many short sales and foreclosures in the area right now (we have several listed for sale), but in the long run it's a great place to invest. There is a lot of commercial economic development closing in on the area which draws more desire for homeownership. The area is booming and a great time to invest at rock bottom prices. If you are not working with a Realtor, and would like an expert working in your corner give me a call 817-366-0372.
Teresa von Illyes~