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Charlotte home prices drop 3.9 percent (access required)

By Mecklenburg Times staff reports
Published: September 30,2011

Charlotte metropolitan area home prices fell 3.9 percent in July from a year ago, according to a report Tuesday from Standard & Poor’s/Case-Shiller index. But prices were up 0.1 percent in July from June, which had seen a 1.9 percent increase over May. Twenty U.S. metro areas are tracked in the report, which showed home [...]


In the 
Shadows: Homebuilders say pending foreclosures harming housing recovery (access required)

By Sam Boykin, staff writer
Published: September 13,2011

Alan Banks looks back at 2006 fondly. A principal at Evans Coghill Homes in Charlotte, Banks said the company’s business has been nearly cut in half since a peak in 2006, when it built about 25 homes. This year, ECH plans to build only 13 homes with an average price of $400,000, which is about [...]