- Jen Wilson
- Associate Editor/Online-Charlotte Business Journal
- Email | Twitter | Google+
Home-price appreciation in the Charlotte market accelerated in December, according to the latest CoreLogic Home Price Index report.
Prices in the Charlotte-Concord-Gastonia metro area were up 4.1 percent in December from a year earlier, the report released Tuesday shows.
That figure, which includes distressed sales such as short sales and real estate-owned transactions, compares with a rise of 3.6 percent in November and follows months of slowing growth in local home prices.
Excluding distressed transactions, prices in the Charlotte market showed an annual increase of 3.4 percent in December.
North Carolina's statewide growth in home prices — up 2.3 percent in December from a year earlier, with or without distressed sales factored in — was level with November's annual return.
CoreLogic Inc. (NYSE:CLGX) reports that nationwide, including distressed sales, home prices rose 5 percent in December from a year earlier, marking the 34th consecutive month of year-over-year increases.
Excluding distressed sales, home prices were up 4.9 percent nationwide.
Nationally, home-price appreciation took a pause in November and December 2014 and we expect a slow start to 2015," Anand Nallathambi, president and CEO of the California-based data firm, said in Tuesday's report. "As the year progresses, we expect upward pressure as low inventories and more first-time buyers drive up home prices."
No comments:
Post a Comment