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After a year of significant progress in the Atlanta housing industry, December saw declines in three dominant, telling real estate factors: existing-home sales, housing starts and home prices. The declines caused The Cal-Culator, Atlanta’s residential real estate index, to drop 0.2 to a 6.0.
Though existing-home sales hit their highest level of the year in October, sales slid 6.1 percent the following month, reflecting Atlanta’s “two steps forward, one step back” routine when it comes to recovery in the housing industry.
The first Cal-Culator of the year that will incorporate data from 2015 will be released February 10. Stay tuned!
– Cal Haupt, Southeast Mortgage