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Despite 2015’s strong housing industry performance, the year has gotten off to a slower start. As a result, Atlanta’s residential real estate index, The Cal-Culator, dropped marginally from 7.0 to 6.9.
Home sales saw the second smallest year-over-year increase since 2014, while the NAHB’s Housing Market Index dipped. However, improvements in home prices – a 5.8 percent yearly increase in Georgia – and a 40 percent increase in Atlanta inventory helped offset the losses.
Check back April 12 on SaportaReport as we discuss whether 2016 is beginning to mirror 2015’s stellar growth in Atlanta’s housing industry.
– Cal Haupt, Southeast Mortgage