Atlanta had the fourth-largest increase in home prices among American metro regions during the past year, if “distressed” properties were included, according to a report issued this morning from a major research firm.
However, metro Atlanta dropped to a tie for fifth place if distressed properties are not counted, according to CoreLogic.
Distressed sales include “short” sales and real estate owned transactions.
Atlanta’s single-family home prices were up 10.5 percent from July 2013 to July 2014. With the distressed properties excluded, the increase was 8.5 percent.
Nationally, home prices – including distressed sales – were up 7.4 percent in July 2014 compared to July 2013.
The state of Georgia tied for 12th on that same measure.
As with other reports, CoreLogic shows the increases slowing. Moreover, CoreLogic predicts that the increases will continue to slow down.
CoreLogic forecasts home prices – including distressed sales – will rise a more modest 5.7 percent over the next 12 months.
CoreLogic is a California-based company providing real estate information and analysis.
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