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Though Labor Day is traditionally followed by the beginning of the summer slowdown for the buzzing real estate market, large home price increases in Atlanta, increased home affordability and continued falling foreclosure levels fueled an increase in Atlanta’s residential real estate index, The Cal-Culator, to bring the index to 6.2.
Using CoreLogic data, Atlanta can boast about being the city with the fourth largest increase in home prices in U.S. metro regions during the past year.
Unfortunately, the state isn’t as proud for rounding out the top five states that account for nearly half of all foreclosures in the nation.
– Cal Haupt, Southeast Mortgage