It's no surprise if you call Charlotte home, but....

Standard & Poor’s housing report came out Tuesday, and once again it’s good news for Charlotte. Area home prices rose 4.7% in May from a year ago as price gains continue to rise at a slower pace nationwide.

It was the 27th month in a row of annual gains for the Charlotte region!

The pace of annual appreciation has also been slowing here in recent months, but May reversed that trend as the average gain was higher than April’s 4.5%.  Charlotte was the only U.S. city out of the 20 to post higher annual appreciation from April to May.

The “suits” can’t pinpoint a reason for Charlotte bucking the trend, but we all know how great this area is…..that's why we choose to live here! 

The only downside is now that home prices have risen monthly for two years, there is a very good chance interest rates will begin to rise. So, if you're thinking of selling, buying or both - let's talk sooner then later!