NC: Charlotte Home Prices Rose in July

North Carolina Gay Real EstateHome prices in Charlotte and around the country climbed in July from the month before — but prices in most places remain below their July 2010 levels, suggesting the residential market faces a long road to recovery.

Prices in the Charlotte metropolitan area increased slightly, 0.1 percent, from June and fell 4 percent from July 2010, according to the closely watched S&P/Case-Shiller Home Price Index released Tuesday.

Housing prices rose month over month across the U.S., too, with 17 of the 20 markets the index tracks posting gains. Two markets, Las Vegas and Phoenix, fell from the month before, and prices in Denver, Colo., remained flat. It was the fourth straight month the index’s 10- and 20-city composites showed monthly increases.

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