Charlotte is such a beautiful city, with the most hospitable people to be found anywhere. So it’s sad to see the shitty effects of a republican administration taking it’s toil on this wonderful place.

Charlotte Home Values Post Record Decline

CHARLOTTE, N.C. — Home prices in Charlotte recorded their worst annual downfall on record in October, tracking a menacing national trend but avoiding some of the major corrections faced in San Francisco or Phoenix. [...]

“I’ve seen ups and downs,” said Dot Munson, president of Charlotte Regional Realtor Association and a real estate agent in the region for 25 years. “But I have not seen a time like this when everything seems upside down.” [...]

Still, Munson said things could get worse as Wells Fargo & Co. completes an integration with the former Wachovia Corp. and sheds some of its Charlotte positions. Wachovia has about 20,000 employees in Charlotte. Bank of America Corp. is also working on eliminating some 35,000 jobs, some of which are sure to come in the city.

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