Tuesday, November 29, 2011

Atlanta homes more affordable in October

 
 

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via HomeFinder.com News oleh HomeFinder.com News pada 11/11/29

According to a report from Standard & Poor's, homes for sale in Atlanta became more affordable during September.

The Standard & Poor's/Case-Shiller Home Price Indices showed that Atlanta home prices dipped by 9.8 percent during September on a year-over-year basis. Additionally, the report also indicated that prices fell by 5.9 percent from August.

"On a monthly basis, Atlanta actually posted a record low rate of negative 5.9 percent in September over August," said S&P Index Committee chairman David M. Blitzer. "The markets are fairly thin, and the relative lack of closed transactions might be exacerbating the downside."

Meanwhile, as home prices become for affordable in Atlanta, the foreclosure rate across the city fell during October to 943 filings. During September, the city recorded 1,013 foreclosures.

The decline in home prices could simply be the result of the city's local housing market following seasonal trends as it enter the slow season. However, as property values become more affordable and the foreclosure rate trails off across Atlanta, now could be a good time to invest in a home for sale in Atlanta. 


 
 

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