Charlotte Housing Prices Stable - Quarterly Housing Report

Housing prices in both Charlotte, North Carolina and Seattle, Washington have enjoyed larger than expected gains over the last year, according Standard & Poors data released Tuesday November 28, 2007.
Charlotte, North Carolina and Seattle both experienced an increase of 4.7 percent when compared to growth rates at the same time last year.

In addition to Charlotte, North Carolina and Seattle the following cities also experienced a gain:
Atlanta (+0.4 percent)
Dallas (+0.2 percent)
Portland, Ore., (+2.2 percent)

The overall average housing price drop for U.S. home prices fell 4.5 percent in the third quarter from a year earlier, yielding the sharpest drop since 1987 when Standard & Poors began its nationwide housing index.

The S&P Housing Index also showed housing prices dropped an overall average of 1.7 percent over the last quarter.

Market trending has led to a decline in other areas while Charlotte, North Carolina, Seattle, Atlanta, Dallas, and Portland remained stable:

Tampa (-11.1 percent)
Miami (-10 percent)
San Diego (-9.6 percent)
Detroit (-9.6 percent)
Las Vegas (-9 percent)
Phoenix (-8.8 percent)
Los Angeles (-7 percent)