Phil W. HudsonStaff Writer-
Atlanta Business Chronicle
Metro Atlanta home prices dropped in October, according to the latest S&P/Case-Shiller Home Price Indices.
From September to October, home prices here dipped 0.2 percent. However, year-over-year home prices were up 4.5 percent.
Nationally, home prices were down 0.2 percent in October and up 4.6 percent year-over-year.
"After a long period when home prices rose, but at a slower pace with each passing month, we are seeing hints that prices could end 2014 on a strong note and accelerate into 2015," David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, said in a statement. "Two months ago, all 20 cities [measured by S&P Dow Jones Indices] were experiencing weakening annual price increases., Last month, 18 experienced weakness. This time, 12 cities had weaker annual price growth, but eight saw the pace of price gains pick up."
Blitzer said all 20 cities had higher seasonally adjusted prices than a month ago.
Labels: Foreclosures, Georgia home prices
# posted by
Brian Vanderhoff @ 9:14 AM
