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Tag Archives: Atlanta

How The Cities Did in January

January’s report was disappointing as 16 cities saw prices fall month to month and eight made new post-crisis lows.  Atlanta and Detroit are the hardest hit based on current levels. However, Detroit has rebounded from its low by a larger percentage than any city except for Washington DC.  Across all 20 cities, the average gain [...]

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Eight cities and both composites hit new lows.

With today’s report, the S&P/Case-Shiller 10- and 20-City Home Price Composites fell to new post-crisis lows in January 2012. Both indices fell by 0.8% over the month, are down about 3.8% versus January 2011, and have declined by 34.4% since their relative 2006 peaks. Average home prices are back to their late 2002/early 2003 levels [...]

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City Peaks and Troughs

Along with the three composites — national, 10-city and 20-city — four cities also set new lows in the December data.   The four were Tampa, Las Vegas, Seattle and Atlanta.  The first two of these are among the consistently weak sunbelt while the other two were reasonably stable until the last six months.  In both Atlanta [...]

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All Three Home Price Composites End 2011 at New Lows 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. Data through December 2011. To access click: S&P/Case-Shiller Home Price Indices – February 2012

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Ranking the Cities

For those keeping score, the table shows how the twenty cities ranked in the November numbers by the current index — which shows the gain or loss in the last 12 years – the peak index and the depths of the drop from the peak.  Note that in the last column the city ranked 20th, [...]

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“What’s Going on in Atlanta???”

I have received a good number of inquiries into the large decline in home prices for Atlanta. According to the latest S&P/Case-Shiller Home Price Indices report, home values in Atlanta fell 5% from September to October and 11.7% from October 2010 to October 2011. Taking a closer look at Fiserv’s real estate transaction data for [...]

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The Fourth Quarter Starts with Broad-based Declines in Home Prices According to the S&P/Case-Shiller Home Price Indices

Data through October 2011, released today by S&P Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed decreases of 1.1% and 1.2% for the 10- and 20-City Composites in October vs. September.  Nineteen of the 20 cities covered by the indices also saw home prices decrease over the month.  [...]

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Three markets hit new lows in September

Data through September 2011 showed that Atlanta, Las Vegas and Phoenix all hit new post-bubble lows; and all three are close to, if not below, January 2000 levels. At 95.99, Atlanta’s index level is indicating that home prices are back to their May 1999 levels.  Las Vegas, at 93.80, is back to February 1998; and [...]

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Home Prices Weaken as the Third Quarter of 2011 Ends According to the S&P/Case-Shiller Home Price Indices

Data through September 2011, released today by S&P Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show that nationally home prices did not register a significant change in the third quarter of 2011, with the U.S. National Home Price Index up by only 0.1% from its second quarter level. [...]

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Tiered-price behavior differs across markets.

S&P Indices publishes tiered price data for 16 of the 20 cities (MSAs) it covers. The tier breakpoints are price levels that divide monthly sales pairs into thirds in each MSA. Home price trends in cities do not behave the same across and within tiers. Beginning in 2010, both Atlanta and Chicago saw their low-tiered [...]

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