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Charlotte Area Home Prices Rise Back to "Boom Time" Prices
Home prices in metro Charlotte, including distressed sales, were up 8% in January from a year earlier, according to CoreLogic, Inc.  
The Irving, Calif.-based data firm says month-to-month prices increased 1.1% in January from December for the Charlotte-Gastonia-Rock Hill metro area.
If you remove distressed sales, such as short sales and real estate-owned transactions, from the calculation and January’s figures are stronger, as home prices showed a 9.3% rise. On a month-to-month basis, home prices grew 1.2% with distressed sales removed, according to the report.
U.S. home prices — with distressed-property sales included — jumped 12% year-over-year, CoreLogic says. That marks 23 months of consecutive year-over-year increases in home prices nationally, the report states. The monthly increase in January from December was 0.9%.
With distressed sales excluded, the annual gains in national home prices were weaker, up 9.8% when comparing January 2014 with January 2013. On a monthly basis, home prices were up 0.7% in January from December.
“Polar vortices and a string of snow storms did not manage to weaken house price appreciation in January,” says Mark Fleming, CoreLogic chief economist. “The last time January month-over-month and year-over-year price appreciation was this strong was at the height of the housing bubble ... more

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