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Charlotte Area Real Estate News. Homes for Sale
Housing prices slumping? Not in Charlotte NC!
The housing news isn't all grim. Even as prices sag nationwide, there are several cities in the country where home values are climbing smartly.

Charlotte, Raleigh, Portland, Ore., Boise, Idaho, Seattle, Salt Lake City, Houston and Austin, Texas, are among the cities bucking the national trend. Home appreciation there between the fourth quarters of 2005 and 2006 far exceeded the national average of 5.9 percent, according to the Office of Federal Housing Enterprise Oversight. In some markets, like Boise and Seattle, the appreciation jumped well into the double digits.

"All real estate is local, despite the headlines," says Lawrence Yun, the senior economist for the National Association of Realtors. Nationwide, the median existing-home price fell 1.3 percent, to $212,800 in February from $215,700 in February 2006, according to preliminary NAR statistics.

 How is your market doing?

Published Monday, May 28, 2007 8:40 AM by Angie Adams NC/SC REALTOR® Broker

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