The Triangle Business Journal has released an article showing housing price increases for several North Carolina communities. The numbers are from the Office of Federal Housing Enterprise Oversight. The OFHEO is a group that oversees Fannie May and Freddie Mac.
The figures quoted show housing price increases in the following communities, for the 12 month period ending March 31, 2008:
Charlotte - 6.16%
Raleigh - Nearly 5%
Durham - 3.92%
Asheville - 4.52%
Winston-Salem - 3.82%
Greensboro - 2.76%
The article does say the OFHEO's numbers only include mortgages that qualify to be purchased by Fannie May or Freddie Mac. However, these are still very good numbers that I doubt we will see on the evening news!
The Triangle Business Journal article may be viewed here:
http://triangle.bizjournals.com/triangle/stories/2008/05/19/daily31.html?jst=b_ln_hl
Richard Schardt
Technology based Real Estate services for the Triad area of North Carolina.
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