Charlotte makes big jump on housing market index

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.