CHARLOTTE, N.C.,None — Thank you for participating in our survey. Are You Surprised That Housing Prices Are Still Falling? Are you surprised that home prices in Charlotte hit their lowest level since the housing bust? Yes. No.
Home prices are falling in most major U.S. cities, according to the S&P/Case-Schiller report released Tuesday.
The report shows price declines in 19 cities from December to January. Prices in Charlotte and 10 other areas hit their lowest levels since the housing bust. The other cities include Atlanta, Las Vegas, Detroit and Cleveland.
The report says prices in the metro area dropped 1.1 percent from December and almost 5 percent from January 2010.
The only market where prices rose was Washington, where home prices gained 0.1 percent.
The Case-Shiller report measures home price increases and decreases relative to prices in January 2000 and gives an updated three-month average for the metropolitan areas it looks at. For more information on the report, click here.
WSOC
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