Atlanta Home Prices Hit 13 Year Low

Metro Atlanta home prices fell to the lowest point since 1998 as a mass of foreclosures and short sales continued to batter the market, new data released Tuesday showed. Home prices in Atlanta fell for the fourth straight month in November, with a 2.5 percent decline that followed a 5 percent drop in October, according to the widely watched Standard & Poor’s Case-Shiller Home Price Indices.

“Atlanta continues to stand out in terms of recent relative weakness,” said David Blitzer, chairman of the index committee at S&P Indices.

Nationwide, 19 of 20 cities covered by the indices saw home prices fall for the second month in a row. Case-Shiller set a baseline home price index of 100 in 2000, so an index of 125 would reflect an increase of 25 percent. Atlanta’s index fell to 88.93 in November. Its peak was 136.47 in mid-2007.

via The Atlanta Journal-Constitution
(Misty Williams of the AJC contributed to this report)

4 thoughts on “Atlanta Home Prices Hit 13 Year Low”

discount pandora
New Arrivals
2011 new arrivals
Pandora Bracelets Online
Buy Pandora Charms
.He is fascinated with receiving his usual 50% of your full commission payment or 3% on the sales expense.If you supply a 3% commission to your buyer’s agent, you include saved 3% just by not forking over the seller’s ingredient (listing agent)! While in the above example from the $20, 000 money, the representative who brings the purchaser still makes $10, 000 but the truth is are salvaging $10, 000.What when you are unfamiliar together with the sales and even contracting process therefore you need allow? For a $10, 000 commission savings youre able to hire your attorney to overview any contract and provide you recommendation usually intended for $500 in order that you are nonetheless ahead $9, 500.But also, the attorney gives legal advice that your chosen realtor are not able to, and you’ve gotten recourse towards your legal practitioner if an issue goes erroneous

Reply ↓