Atlanta home prices up 3.4% in June

August 31, 2013 By In Uncategorized No Comment

Atlanta Home Prices up 3.4% but mortgage rates punching through 4.5% may slow our pace of sale.  Strategically positioning our housing inventory based on these variables is essential in maintaining a healthy pace of sale

——————————————————————————————————–Atlanta posted the biggest home price gain of 20 major metros in the June CoreLogic Case-Shiller Indexes.

 The area’s home prices were up 3.4 percent from May to June, matching a 3.4 percent gain from April to May. Year-over-year in June, home prices in Atlanta spiked 19 percent.

The National Index grew 7.1 percent from the first quarter to second quarter. As of the second quarter of 2013, average home prices across the United States are back at their early 2004 levels.

 “Overall, the report shows that housing prices are rising but the pace may be slowing,” said David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices. “Thirteen out of twenty cities saw their returns weaken from May to June. As we are in the middle of a seasonal buying period, we should expect to see the most gains. With interest rates rising to almost 4.6 percent, home buyers may be discouraged and sharp increases may be dampened.”


By: Jacques CouretSenior Online Editor- Atlanta Business Chronicle


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