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The shortest month of the year proved to be a month of stagnation for Atlanta real estate. The Cal-Culator, Atlanta’s residential real estate index, remained at 6.3 due to declines in the mortgage delinquency rate, an increase in inventory offset by fewer investment dollars in Atlanta housing, and a decline in first-time homebuyers and home sales.
Despite the decline, experts are still extremely positive about recovery in 2015.
“Low interest rates, rising sale prices, economic expansion and balanced inventory support my expectation that the market will continue its strong and steady growth,” said Atlanta Board of Realtors President Ennis Antoine.
– Cal Haupt, Southeast Mortgage