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Charlotte Area Real Estate News. Homes for Sale
Charlotte Housing Market still on Top!

Popular index from Standard & Poor's and Case-Shiller found Charlotte to have the highest gain in fourth-quarter housing prices among the 20 cities tracked.

The Queen City’s home prices increased by 2.3 percent during the fourth quarter of 2007.  Besides Charlotte, who had gains in housing prices, only Portland, Ore., and Seattle followed.

Overall, home prices in the 20 large metro markets (measured by the S&P/Case-Shiller) fell 8.9 percent - the largest decline in the index's 20-year history.

Miami was the hardest hit city, with a year-over-year decline of 17.5 percent. Housing prices in both Las Vegas and Phoenix dropped 15.3 percent.

Also see www.AngiesWeb.com

Published Wednesday, February 27, 2008 2:28 PM by Angie Adams NC/SC REALTOR® Broker

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