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Charlotte sees smallest drop in home prices

The Charlotte area had the smallest decline in home prices in the four months that ended at the start of May compared with the previous three months, making it No. 1 among the highest-performing major U.S. markets, Truckee, Calif.-based Clear Capital said.

The Charlotte area, which includes Gastonia and Concord, had a 1.4 percent drop in prices.

Washington, D.C., and Arlington and Alexandria, Va., were behind Charlotte with a 1.6 percent decline.

Over the year, the Charlotte area had a 5.1 percent decline in home prices.

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