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Spring has finally sprung for the Atlanta residential real estate market after a sluggish, extended winter. After two stagnant months, The Cal-Culator index rises to a 6.0.
Foreclosures decreased 0.4 percent from the previous month, representing two and a half years of continuous decline. U.S. residential properties increased by 4 percent year-over-year while pending home sales increased 0.4 percent.
Unfortunately, the National Association of Realtors’ Realtors Confidence Index dipped due to tight credit conditions and lack of inventory, according to NAR chief economist Lawrence Yun.
To view the full column, visit SaportaReport. The June Cal-Culator will be released July 8.