The Archives
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12.30.08Home prices take beatingCase-Shiller Home Price Index data for October 2008: Nationwide: 10-city index is down 2.1 percent for the month, 19.1 for the year. 20-city index is down 2.2 percent for the month and 18.0 percent for the year. Atlanta: 2.4 percent decline for the month. 10.5 percent drop for the year. It's Atlanta's first report of double-digit declines in home prices. Happy new year! We’d love to be your real estate closing attorneys in Atlanta Georgia. Want to know more? Contact us and we’ll be happy to discuss how Harlan and Associates can be of service to you! EL CHIVO ALI, originally uploaded by szen_volta.
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11.25.08Broken record: Case/Shiller price index hits record low againThe Case/Shiller Home Price Index has once again hit record lows, with the 10-city index dropping 1.9 percent in September while the 20-city index lost 1.8 percent during the month. That represents year-over-year drops of 18.6 percent and 17.4 percent, respectively - both new record declines. In Atlanta, home prices dropped 1.3 percent in September alone, and are now showing a one-year decline of 9.5 percent. We’d love to be your closing attorneys in Atlanta Georgia. Want to know more? Contact us and we’ll be happy to discuss how Harlan and Associates can be of service to you! record player, originally uploaded by rockwilda.
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11.13.08Real Estate RoundupLost in the shuffle of a National Election and an imploding economy, a number of real estate and housing indicators were released over the past few weeks, all of which bear note: National Association of Realtors Existing Home Sales Index: Existing home sales rose in 5.5 percent in September, and were 1.14 percent higher than September 2007. In the South, sales rose 2.2 percent, but remained 7.8 percent below last year. Case/Shiller: The 10-city index showed a loss of 1.1 percent in August and a yearly drop of 17.7 percent. The 20-city index fell 1.0 percent in August, and 16.6 percent for ...
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11.05.08Foreclosures for a dollarThere's an interesting article over in today's Atlanta Journal and Constitution about HUD REOs going for a dollar apiece. The catch: you have to be a local government wanting to create affordable housing. Still, a dollar's not very much for a house. We’d love to be your real estate closing attorneys in Atlanta Georgia. Want to know more? Contact us and we’ll be happy to discuss how Harlan and Associates can be of service to you! Rent, originally uploaded by velo_city.
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09.30.08Record plunge in July home pricesThe Standard & Poor’s/Case-Shiller index, released today, showed home prices dropping by a record amount in July, although the pace of monthly declines seems to be slowing. The 20-city index fell 0.9 percent in July and is down 16.3 percent from last year. That’s the largest drop in the index since it began in 2000. The 10-city fared no better, with prices dropping 1.1 percent from June and 17.5 percent since July 2007, which is the biggest decline in the 21-year history of the index. Overall, home prices have fallen nearly 20 percent nationwide since peaking in 2006. While the picture remains bleak for ...
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07.29.08Atlanta home prices show small monthly gainHome prices continue to fall throughout the country, according to the May report of the S&P/Case-Shiller Home Price Index. In the 22nd straight month of declining home values, the 20-city index slipped 0.9 percent to a new record year-over-year low of 15.8 percent. The 10-city index dropped 1.0 percent in May to a level 16.9 percent below last year. It also hit a new record low. There has not been a month of price appreciation since August 2006. Each of the 20 metro areas surveyed by the index posted annual declines. Nine hit record lows, and ten recorded double-digit drops in home prices. Las Vegas ...