Standard & Poor's released the Chase-Shiller Home Price Indices this morning, showing that the decline in home prices in Atlanta seems to be shallowing.
The data, good through March 2009, show that the metropolitan Atlanta area experienced a 1.7 percent drop in home prices versus February.
February's drop was 2.5 percent versus January. And January's decline was 3.2 percent from December 2008.
Still, Atlanta's home prices show a year-to-year decline of 15.7 percent.
While three months of smaller declines is a positive sign for the city, home prices nationwide are still experiencing significant downward pressure. Nine of the cities tracked by Case-Shiller in fact had record declines in March.
We'd love to be your Atlanta real estate lawyers. Want to know more? Contact us and we'll be happy to discuss how Harlan and Associates can be of service to you!
Stephen Harlan is the principal attorney of the firm. Admitted to the bar, 1995, Georgia. Education: Emory University (B.A., Philosophy/Psychology, 1992); Emory University School of Law (J.D., 1995)
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
