As Atlanta’s newest residential real estate index closed out its inaugural calendar year, the December Cal-Calculator reflected a year of recovery for the Atlanta housing industry.
Rising home prices, increased inventories and increased new home sales helped raise the index to a 5.5 in December. A continued increase in the index is expected to carry over into 2014.
“I strongly believe that these trends in home prices will likely last into the new year. Buyers are continuing to take advantage of historically low mortgage rates and home prices while stimulating Atlanta back to recovery,” said Southeast Mortgage CEO Cal Haupt.