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Charlotte home prices on the incline

Posted: Mar. 6th, 2013  |  By Michael Pearse
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bizjournals.com

If only we would have known this information in the past so that people could have bought or kept their homes and not have waited till now. Metro Charlotte’s home prices are increasing year by year. This is not just happening in Charlotte but in all of the United States as well.

Metro Charlotte’s home prices closed out the year with a 5.3 percent increase in December, compared with the same time the previous year, according to Standard & Poor’s Case-Shiller Home Price Index.

Local home prices compared on a monthly basis were nearly flat, declining 0.4 percent in December from November, which is attributed to seasonal weakness,the latest S&P/Case-Shiller report says.

The index, released Tuesday, is the latest of several months of rising increases in year-over-year figures. November saw a 5.1 percent jump in year-over-year returns. Area home prices rose 4.1 percent in October from the same time the previous year, 3.5 percent in September2.8 percent in August and 2.2 percent in July. That's a considerable improvement from June, when the annual increase was 0.9 percent.

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