Charlotte was the sole U.S. metropolitan area to record a gain in housing prices in January among the 20 markets tracked by Standard & Poor's and Case-Shiller.
The year-over-year price of existing single-family homes grew 1.8 percent in the Queen City in January, according to the S&P/Case-Shiller Home Price Index.
Nationally, January prices declined 10.7 percent from a year earlier.
Statewide, existing-home sales fell nearly 18 percent to 7,421 closing last month. That was down from 9,004 in the year-ago period.
The average price statewide dipped more than 3 percent last month to $206,964.
Sunday, March 30, 2008
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2 comments:
Why Charlotte, NC is doing so much better than the rest of the country?
Housing prices in Charlotte have not radically outpaced incomes and economy is still steadily grows. Calm & warm weather had attracted baby boomers to relocate and retire in Charlotte and surrounding areas like Lake Wylie and Lake Norman.
Taxes are a big advantage in comparison to other regions especially on east and west coasts.
Charlotte truly become a relocation destination to many who looks for affordable housing, growing economy and mild weather.
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