Strong home price growth, an increase in pending home sales, low interest rates and strong consumer optimism propelled Atlanta’s residential real estate index forward in March.
The Cal-Culator rose 0.1 to bring the March index to 6.4 after Atlanta posted stronger home price growth than the 20-city and 10-city indices and due to an increase in the number of Atlanta renters who say they are expecting to purchase a home in the next year.
Unfortunately, continued low levels of first-time homebuyers and the ongoing inventory crunch are still negatively affecting the region. The next index will be released April 12.
– Cal Haupt, Southeast Mortgage