U.S. Home Prices Weaken Further as Six Cities, Including Charlotte, Make New Lows

Housing Market data released today for Standard & Poor’s Case-Shiller Home Price Indices, the leading measure of U.S. home prices, shows a decrease in home prices in all 20 MSAs in October 2010 compared to reports in September 2010. The 10-City Annual Growth Rate Composite was up only 0.2% and the 20-City Composite fell 0.8% from their levels in October 2009.  While the composite housing prices are still above their spring 2009 lows, six markets – Atlanta, Charlotte, Miami, Portland (OR), Seattle and Tampa – hit their lowest levels since home prices started to fall in 2006 and 2007, meaning that average home prices in those markets have fallen beyond the recent lows seen in most other markets in the spring of 2009.

Get the full report and charting from S& P here.

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About Susan Johnson Team Charlotte | Lake Norman Real Estate Specialists

Susan Johnson & Associates Real Estate Agents in Charlotte | Lake Norman NC I am native to the area, live, work and play in the area. My children go to school here and I serve my community in this area. I love the region and I think its a great place to live! Together with my team, we have more than 21 years of combined experience in business, marketing, technology and communications, as real estate professionals in Charlotte | Lake Norman, we have also found that the key to providing the very best service is as simple as putting our clients first. This means keeping ourselves accessible, being good listeners as well as good communicators, and responding quickly. We look forward to sharing our expertise and working with you in all of your real estate needs in this region and across the country! Visit my website www.BuySellCharlotteLakeNorman.com
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