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After a month of stagnation, Atlanta’s residential real estate index has risen 0.1, bringing the Cal-Culator to 7.5. Increased home prices and new listings, vital for Atlanta’s tight inventory, contributed to the jump.
Housing trends have always played a part in figuring the Cal-Culator, and this month is no different. Online residential real estate site Trulia just ranked Atlanta as no. 2 top metro, with the largest starter homes with a median size of 1,344 SF – a great asset as 42% of Americans want larger homes.
The next Cal-Culator will be released September 13.
– Cal Haupt, Southeast Mortgage