Atlanta continues to lead the nation in residential real estate price stability and growth.
Due to Metro Atlanta's diverse economy, lack of industry concentration, and transportation; Atlanta housing fares better than most through a recession and recovers quickly and more dynamically than most states during recoveries.With the economic growth now reporting what has been obvious from the wait times at restaurants, full airplanes, and congested traffic; consumers are rushing to participate in the housing recovery. Whether it is the new home buyer, trading up, or baby boomers streamlining for retirement; housing demand is pushing Atlanta home prices up and will continue into the foreseeable future. (See list below)
US prices are up 22.6% since bottoming out just over three years ago, but are still 18% below the peak set in July, 2006. The home price index covering 10 major U.S. cities increased 10.8% in the year ended in April according to the S&P/Case-Shiller Home Price Index report. The 20-city price index also advanced 10.8%. That is down from a 12.4% yearly pace in March and less than the 11.4% expected by economists. Although many analyst are reporting year-over-year gains are slowing, this is not the case for Metro Atlanta, Georgia..
Cal Haupt
Chairman and CEO
Southeast Mortgage of Georgia, Inc.
www.southeastmortgage.com
770-279-0222
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