Amid the summer heat, real estate in Atlanta is sizzling. This month, the Atlanta residential real estate index, the June Cal-Culator, reached a record high of 6.2, beating last month’s record.
Pending, new and existing home sales all saw strong improvements while home prices rose 6 percent. Homebuilder confidence is now only one point shy of what’s considered good building conditions after the index rose four points. Foreclosures in Atlanta have continued the downward trend that has permeated the real estate industry in 2014.
Stay tuned as we release the July Cal-Culator Aug. 5 to see if the rebound continues.