Charlotte-area home prices forecast to fall 4.4 percent
Published: April 5, 2012
Time posted: 4:44 pm
The prices of homes in the Charlotte area could dip by 4.4 percent by the end of the year.
That’s the prediction in a report released Thursday by Truckee, Calif.-based Clear Capital.
The report defines the Charlotte area as Charlotte, Gastonia and Concord.
The U.S., though, is expected to see prices grow by 1.2 percent through the rest of the year.
Charlotte also made the report’s list of lowest-performing metro markets. Charlotte-area home prices fell 1.5 percent in the four months that ended in March, compared with the previous three quarters, and fell 5.7 percent year over year.
The report also says the percentage of real estate-owned homes in the Charlotte area was 16.6 as of March.