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After January’s unprecedented high, the Atlanta residential real estate index stays same for another month. The February Cal-Culator ranks a 6.0 after increased inventory and price appreciation was offset by external factors.
Home prices increased for the 23rd consecutive month and new single-family home sales rose by 9.6 percent. Zillow reported that Atlanta inventory rose 10.7 percent year-over-year in January.
Unfortunately, extreme winter weather caused U.S. home construction to fall 16 percent in January, and Zillow attributed declining mortgage rates to the Ukraine crisis.
To view the full column, visit SaportaReport. The next Cal-Culator will be released Apr. 8.