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2 Comments
You are reporting that Atlanta’s housing market has essentially fallen off a cliff. Any suggestions as to why?
David
Thank you for the question and for following our Indices.The question of “What’s Going on in Atlanta” has recently been addressed by HousingViews Author, David Stiff — Chief Economist at Fiserv Case-Shiller. In his post, David suggests that the significant increase in the sales volume of bank-owned properties in the Atlanta area is the primary reason for the fall in average home values in the Atlanta MSA. Changes in the volume of bank-owned sales can cause changes in average prices that will be reflected in the S&P/Case-Shiller Indices.
Here is a direct link to David’s post which provides a bit more color on Atlanta home prices.
http://www.housingviews.com/2012/01/05/what%E2%80%99s-going-on-in-atlanta/
Dave
Nine Cities and Both Composites Hit New Lows in February 2012 According to the S&P/Case-Shiller Home Price Indices
S&P Indices released today the latest results for the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices. Data is through February 2012. To access click: S&P/Case-Shiller Home Price Indices – April 2012 Release