The Cal-Culator reached an unprecedented level in January as the Atlanta residential real estate index posted a 6.0.
Metro Atlanta home prices rose 15.7 percent year-over-year in November and foreclosure notices were down 56 percent from January 2013. Notices are now at the lowest level since June 2003.
Though Atlanta is making a strong market recovery, the latest S&P/Case-Shiller index reported that national home prices posted their first month-over-month decline in 10 months; however, newly lowered interest rates may reverse the trend in time for a spring resurgence.
Keep an eye out for February’s Cal-Culator on SaportaReport.com on March 11.