Sleepy waterfront town named America's fastest growing suburb

A sleepy lakefront town in has been named the fast growing suburb in America as one can scoop up a new home for under $500,000.

Mooresville is the fastest growing part of the Charlotte Metropolitan area with a population of 50,000, according to the .

The quiet town, located near Lake Norman, is a only 25 miles out the big city and is best known for how many NASCAR racing teams and drivers have come from the place - earning it's nickname 'Race City USA.'

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