Charlotte-area home prices rose 2.5 percent in August from a year ago as annual appreciation nationwide continues to slow down, according to Standard & Poor’s/Case-Shiller data released Tuesday.
Nationwide, prices increased 5.6 percent from a year ago, according to a composite index of 20 cities.
Home prices continue to rise in Charlotte and nationwide but at a declining pace. In July, for example, prices in the Charlotte region were up 3.6 percent from the same month last year. Nationally, prices were up 6.7 in July from a year ago.
“The deceleration in home prices continues,” David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, said in a statement.
Blitzer said low interest rates and slower increases in home prices should help the U.S. housing market improve.
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