This post originally appeared on Orphan Road.

Seattle is no longer the hottest housing market in America:

Seattle’s 12-month reign atop the nation in annual home-value increases came to an end in September, according to a report released Tuesday.

Charlotte, N.C., posted a year-over-year increase of 4.72 percent, just ahead of Seattle’s 4.69 percent, according to Standard and Poor’s S&P/Case-Shiller Home Price Indices.

How could that have happened?! Let’s see… Charlotte opened a brand-new light rail system this month, and Seattle voted one down.

Coincidence? I blog… you decide.

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