Atlanta home price hikes are slowing
The arc of Atlanta's home prices is still upward, but the pace of the increase is slowing down, according to a nationally watched report issued Tuesday.
While different areas have different dynamics, the price of the average home sold in metro Atlanta is up 5.4 percent from a year ago, edging 0.2 percent higher during the most recent month, according to the S&P CoreLogic Case-Shiller Indices.
Nationally, prices were up 6.1 percent in the past year and 0.5 percent last month, said David Blitzer, chairman of the index committee at S&P Dow Jones Indices, which issues the report. "Home price increases appear to be unstoppable."
Maybe. But the Atlanta market is off-kilter and the trajectory has been flattening out.
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About the Author
Michael E. Kanell, the AJC's economics writer, has been reporting on jobs, housing and the economy at the AJC for nearly two decades. He has appeared on television and radio to analyze and report on business and economic developments.
