Charlotte home prices hit new low (homes, best place, metro area)

[knewtocharlotte]

"Charlotte home prices hit new low" - Charlotte Observer 2/22/11

Charlotte home prices hit new low - CharlotteObserver.com (http://www.charlotteobserver.com/2011/02/22/2082875/charlotte-home-prices-hit-new.html - broken link)


"Charlotte prices fell for the second month in a row to their lowest level since home prices peaked in 2006 and 2007. Ten other metro areas experienced record lows in December. Nationally, home prices are back to their early 2003 levels and are close to their 2009 trough."

"The Charlotte area performed better in December than some other metros - Detroit home prices, for instance.."

It's pretty sad when you have to look at Detriot to find a metro area that performed worse than Charlotte.

[GCharlotte]

Originally Posted by knewtocharlotte

"Charlotte home prices hit new low" - Charlotte Observer 2/22/11

Charlotte home prices hit new low - CharlotteObserver.com (http://www.charlotteobserver.com/2011/02/22/2082875/charlotte-home-prices-hit-new.html - broken link)


"Charlotte prices fell for the second month in a row to their lowest level since home prices peaked in 2006 and 2007. Ten other metro areas experienced record lows in December. Nationally, home prices are back to their early 2003 levels and are close to their 2009 trough."

"The Charlotte area performed better in December than some other metros - Detroit home prices, for instance.."

It's pretty sad when you have to look at Detriot to find a metro area that performed worse than Charlotte.

Detroit homes are selling for less than the building materials are worth. I'm beginning to think that's the way it is in my hood after this reval.

[njmdpanc]

[quote=knewtocharlotte;17990054]"Charlotte home prices hit new low" - Charlotte Observer 2/22/11

Not according to me revaluation. My home price is up over 34% since 2003 but the last one that sold was in the 2003 range.

[knewtocharlotte]

[quote=njmdpanc;17991671]

Originally Posted by knewtocharlotte

"Charlotte home prices hit new low" - Charlotte Observer 2/22/11

Not according to me revaluation. My home price is up over 34% since 2003 but the last one that sold was in the 2003 range.

That is part of the problem. Maybe there is a disconnect with some of the reevalutions done by the county.

[PEOPLESCHAMP]

People are in for some shock the worst is yet to come...lot more forcloseres coming down the pipeline..

[ysbelman]

Originally Posted by PEOPLESCHAMP

People are in for some shock the worst is yet to come...lot more forcloseres coming down the pipeline..

Do you have some info on the 30, 60 day late payments in the pipeline now?

[pink caddy]

Originally Posted by ysbelman

Do you have some info on the 30, 60 day late payments in the pipeline now?

More later, the Crystal Ball is resting under the nite blanket. Be patient.

[MikeyKid]

Originally Posted by ysbelman

Do you have some info on the 30, 60 day late payments in the pipeline now?

The banks provide this data to various government agencies and maybe some think tank type groups... It's out there, just need to know how to get your hands on it.

Here's the best place to start:

http://www.corelogic.com/