Home prices in the Charlotte market fell 7.2 percent in December from a year earlier.
That's obviously the bad news... Good news is Charlotte generally fared better than the other 20 markets tracked by the the Standard & Poor’s/Case-Shiller Home Price Index:
The 7.2 percent price decline was the fifth-smallest among the 20 markets tracked by the Standard & Poor’s/Case-Shiller Home Price Index.
Denver was the healthiest of the 20 cities, with a 4 percent drop in home prices when compared with December 2007.
The overall index of the 20 cities saw an 18.5 percent decline. Phoenix was the weakest market with a decline of 34 percent, followed by Las Vegas (down 33 percent) and San Francisco (down 31.2 percent).
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