S&P/Case-Shiller Home Price Index

According to yesterday's release of the S&P/Case-Shiller Home Price Index, which measures sales of repeat home and reflects changes in prices, not actual prices showed that the Charlotte homes prices fell 2.8% from year ago levels. As Charlotte was the last market out of 20 Metro markets to start falling almost as much as 2 years prior to other markets it should come as no surprise given our local economy and the reliance on the banking industry that it will be one of the last markets to recover. It is good to see tha Boston, San Diego markets showing signs of vibrancy.