Charlotte Real Estate Market Shows Strength, Rising Prices

After a period of depreciation, the Charlotte, North Carolina housing market has finally moved into the black. At least, in terms of year-over-year price changes. The local economy has a lot to do with this. The unemployment rate in the Charlotte metro area has greatly improved over the last year or so. Additionally, home buyers and investors are beginning to sense that price have hit bottom already, and are set to rise.

NAHB Wants to Protect Homeowners From Illegal Wood, via the Lacey Act

Do you have wood floors in your home? Do you know where the wood came from? If you’re like most homeowners, you don’t know the source of the material. But if it’s the byproduct of an illegal logging operation, your home could seized by the government. In theory, anyway. The National Association of Home Builders wants Congress to amend the Lacey Act to offer legal protection in such cases.

Phoenix Real Estate: Prices Rise for Second Month in a Row

The Phoenix real estate market was hit hard by the mortgage and foreclosure crisis. Prices in the metro area plummeted between 2008 and 2009. But now the Phoenix is rising from the ashes (sorry, couldn’t resist). According to a recent report, this city has experienced one of the largest price gains of any major metro area in the United States. And it looks as though the trend could continue for a while.

Home Prices in Washington, D.C. Show Continued Strength and Stability – March 2012

Washington, D.C. appears to be one of the first local real estate markets to reach a period of recovery. It’s too early to declare that the nation’s capital has rebounded. Additional price fluctuations may lie ahead. But it has certainly become one of the more stable markets over the last year or so. A recent report showed that D.C. was one of only three metro areas where home prices rose from month to month.

Atlanta Housing Market Report: February 2012

Atlanta is one of the weakest housing markets in the country right now. In November of 2011, house prices fell to their lowest level since 2000 — long before the crisis began. But if you tilt your head just right, you can see a faint glimmer at the end of the tunnel. A nascent recovery in the employment sector, combined with a sharp drop in for-sale inventory, could help to stabilize this ailing market.