Intown Atlanta Real Estate

Timing The Atlanta Market

Posted by Joshua Keen on Tuesday, December 29th, 2009 at 5:06pm.

The Case-Shiller data for October was released today.

Good news first: seasonally adjusted data shows a 5th consecutive increase for nationwide home prices.  

Now the bad news: continued weakness in the Atlanta market with -.2% month over month; -8.1% for the year and a whopping -19.6% since the peak of the market in April of 2007.

The good, the bad and the ugly news: depending on whether you're a buyer/investor (good), seller (bad) or lender (ugly) we have seen prices this low since May of 2001.

Market MoM Change YoY Change Date of Max Change from Max Prices Last at This Level in… Consec. Mos. of Increase
LA Area 0.7% -6.3% Apr-06 -39.0% Sep-03 5
San Diego Area 1.1% -2.4% Mar-06 -38.8% Nov-02 5
Bay Area 1.7% -2.6% Feb-06 -38.6% Jan-01 6
Washington DC Area 0.2% -2.8% Mar-06 -29.2% Apr-04 7
Atlanta Area -0.2% -8.1% Apr-07 -19.6% May-01 0
Chicago Area -1.0% -10.2% Feb-07 -23.6% Feb-03 0
Boston Area -0.2% -2.8% Nov-05 -15.5% Jun-03 0
NY Area -0.2% -7.7% May-06 -19.5% Jun-04 0
Seattle Area 0.4% -12.5% May-07 -22.5% Apr-05 1
20-City 0.4% -7.3% Apr-06 -29.5% Sep-03 5


2 Responses to "Timing The Atlanta Market"

Twitted by joshuakeenrsb wrote:
[...]This post was Twitted by joshuakeenrsb



Timing The Atlanta Market: http://bit.ly/8KXdhS
http://twitter.com/joshuakeenrsb/statuses/7175168131[...]

Posted on Tuesday, December 29th, 2009 at 5:10pm.

Your 2nd Mortgage Lender Doesn’t Hate You. « The Mortgage Blog wrote:
[...]lines have monthly payments of interest only).   If you home has decreased in value by 10% (the Atlanta market data from 2009 shows deceases in home values in the range of 8 to 20%), your home is now valued at[...]

Posted on Tuesday, March 9th, 2010 at 7:54am.


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