Charlottesville Area Home Price Decline of 5.8% is "More Severe" Than Other Parts of the Country

The Newsplex is making the comparison of "more severe here than other parts of the country" after posting data from housing analyst Core Logic.  While the national rate of decline was -4.1%, the Charlottesville Area saw a -5.8% decline from September '10 year-over-year to September '11. 

The Charlottesville Area is still a declining market--meaning prices will continue to drop.  Much of the