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Charlotte Real Estate Blog by Angie Adams




Charlotte Area Real Estate News. Homes for Sale
The Housing Market looks grim, except Charlotte and New York

The housing market seems overall gloomy, but just how well or poorly the real estate market is performing varies widely city to city – with some areas showing gains or remaining fairly stable, according to a new report released today by Radar Logic, a New York-based real estate data and analytics company.

Twenty-one of the 25 U.S. metro markets that Radar Logic tracks showed price decreases, indicating a general softness in the U.S. housing market. 

The company’s RPX Monthly Housing Market Report found that for January the change in price per square foot for properties sold varied widely – ranging from gains of 3.9% and 2% in Charlotte, N.C., and New York, respectively, to losses of 25.4% and 27.8% in Las Vegas and Sacramento, Calif. Two metro areas – Milwaukee, and Philadelphia, showed little or no change. Washington, D.C., and Seattle, which had been showing year-over-year appreciation in other months, showed depreciation in January. See Chart

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Published Friday, April 04, 2008 4:32 PM by Angie Adams NC/SC REALTOR® Broker


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