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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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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08.26.08Home prices continue declineHome prices across the country have fallen to record lows, according to the latest report of the S&P/Case-Shiller home price index – and there are few signs that the declines are slowing down. The 10-city index fell 0.6 percent in June while the 20-city index fell 0.5 percent. The year-over-year declines in home prices were 17.0 percent for the 10-city index and 15.9 percent for the 20. All 20 cities measured by Case-Shiller showed negative returns over the past year, though the pace of monthly declines in June slowed across the country as a whole when compared with May. The hardest hit areas ...
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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 ...
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06.25.08S&P/Case-Shiller shows continuing declines in Atlanta home pricesHome prices are continuing to fall, according to the latest report of the S&P/Case-Shiller indices. The data, good through April, show that prices in the 10-city index fell 16.3 percent from last year. The 20-city index fell 15.3 percent, also a new record low. Home prices in Atlanta continued their slide, dropping 0.1% from last month to a level 7.5% below that of last year. It is the seventh straight month of annual negative returns for the city. Still, it could be much worse: Las Vegas and Miami continue to be the weakest markets in the country, with prices in Las Vegas dropping ...