Charlotte-area home prices rose 7.8 percent in September from a year ago, according to the Standard & Poor’s Case-Shiller index report released Tuesday.
Compared with August, prices fell 0.2 percent in the area, according to the closely watched survey that reports on single-family home sales. Charlotte was the only city among 20 tracked by the report to log a decline from August.
Nationwide, home prices rose 13.3 percent on an annual basis in a composite index of 20 cities, for the highest annualized gain since February 2006. Prices were up 0.7 percent from August.
“Housing continues to emerge from the financial crisis: The proportion of homes in foreclosure is declining and consumers’ balance sheets are strengthening,” David Blitzer, chairman of the Index Committee for S&P Dow Jones Indices, said in a statement.
“The longer run question is whether household formation continues to recover and if homeownership will return to the peak levels seen in 2004.”
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