Charlotte Home Prices Up
By: Leon Castles
on Wednesday, February 27, 2013
The housing market in Charlotte is gradually growing but most of the economists and real estate experts are happy with it. The new report provided by Standard and Poor Case Shiller Home Price Index claims that the home prices in the Charlotte city has grown by 5.3% in the last one year. The report claims that the housing market is steady and has been growing for the last ten to twelve months mainly because of the companies that are moving in Charlotte. There are many people that have moved into the city because of the job options that are available in the city.
The report also claims that the prices for local homes have gone flat in the last few months and the increment has only been marginal of 0.4% but the home prices have grown quickly till December 2012. The report also claims that the there were seasonal weaknesses that were seen in the trend but that has not impacted the housing market very much. The month of November remains the best for Charlotte housing market where the jump was as high as 5.1% compared to the performance in November 2011. It was also similar in October when the housing market bounced up 4.1% and that offered lot of growth and revenue to the city in terms of housing sector.