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Charlotte makes big jump on housing market index

By Charlotte Business Journal

Charlotte is now at No. 52 on the Wall Street Journal's quarterly Emerging Housing Markets Index. That's up from No. 78 on the list released in April. (MELISSA KEY/CBJ)

By Charlotte Business Journal

CHARLOTTE — The Wall Street Journal is out with its quarterly Emerging Housing Markets Index, and the Charlotte-Concord-Gastonia metro has made a significant jump. It is now at No. 52 on the ranking of the nation’s 300 largest metros, up from No. 78 on the list released in April.

[Local buyers, real estate agents scramble as housing inventory dwindles]

But making an even bigger jump is the Raleigh market, which shot up to No. 5 from No. 105 in the last installment, replacing Burlington as the Carolinas’ top-ranked metro.

The WSJ compiles the index in partnership with Realtor.com; both entities are owned by News Corp. It is aimed at pointing buyers toward markets that are expected to provide both a strong return on investment and a nice place to live.

Check out a list here of other metros across the Carolinas that made the top half of the ranking.

Nonprofit helping solve Charlotte’s affordable housing crisis by saving, moving homes

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