S&P Case-Shiller Index Shows Atlanta Home Prices Still Scraping Bottom

The S&P Case-Shiller Index just came out with their latest numbers. They are a few months back so this is for homes sold through February 2010.

Atlanta is back to its lows that we saw back in February 2009.

The good thing is that Atlanta is almost back to where it was in the year 2000. That's 10 years of no appreciation. In order to just catch up with the government stated inflation rate, home prices would have to rise by about 25%.

Of all the 20 metro areas covered by Case-Shiller, only Detroit, Cleveland and Las Vegas have lower index values. For the money, I think that Atlanta is the best value. A great metropolitan area with the potential for major job growth.

No disrespect to Cleveland, but if you had a choice between Cleveland and Atlanta, I think most people would pick Atlanta. The weather alone gives Atlanta a big plus over other areas.