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The traditional fall stagnation in real estate appears finally to be hitting Atlanta. The Cal-Culator, Atlanta’s residential real estate index, remained at 6.3 for October.
Year-over-year increases in home prices and home sales, combined with decreases in foreclosure inventory, were met with recent negative trends from August to September including increases in foreclosure inventory and a slowing in home price growth.
Additionally, a recent report by the National Association of Realtors found that first-time homebuyers fell to its lowest point in nearly 30 years.
For the full column, visit SaportaReport. The last index of 2014 will be released Dec. 9.
– Cal Haupt, Southeast Mortgage