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Home prices up, foreclosure rates down in November over the same period last year, studies say

CHARLOTTE – Home prices in the Charlotte metro area again bucked a national trend in November by rising 5.1 percent over the same month in 2011 while the national average based on 19 other cities was down 0.3 percent, according to the monthly Standard & Poor’s Case-Shiller home prices released Tuesday. The study didn’t report the actual home prices.

Also on Tuesday, the analytics firm of CoreLogic said foreclosure rates in Greater Charlotte fell during the same month, from 3.38 percent to 2.8 percent, again beating the national average of 2.9 percent.

Along with other data, the two are yet more evidence the Charlotte-area home market is improving, though they remain far below the peak numbers of the housing book in the early to mid-2000s.

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