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Charlotte home prices forecast to fall 4 percent in 2011

Charlotte-area home prices are expected to fall 4 percent in 2011, according to the Truckee, Calif.-based Clear Capital.

On Thursday, the company released its monthly Home Data Index Market report, saying home prices declined in 70 percent of major U.S. markets last year.

In the Charlotte area, home prices fell 6.3 percent last year.

Nationally, prices fell 4.1 percent last year. They are expected to fall another 3.7 percent nationally in 2011.

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