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Metro Atlanta Home Prices Up Almost 17% in January

According to Tuesday's released S&P/Case-Shiller Home Price Indices, Atlanta home prices were up 16.8 percent year-over-year in January.

Metro Atlanta’s home prices were up 16.8 percent year-over-year in January, but down a tad at 0.1 percent from December. Credit: Patch file
Metro Atlanta’s home prices were up 16.8 percent year-over-year in January, but down a tad at 0.1 percent from December. Credit: Patch file

On Tuesday, S&P/Case-Shiller released its January housing data report, the leading measure of home prices across the county.

Metro Atlanta’s home prices were up 16.8 percent year-over-year in January, but down a tad at 0.1 percent from December.

The Case-Shiller Index saw prices dip 0.1 percent across the 20 major cities it tracks, though they went up 0.8 percent when seasonally adjusted.

“The housing recovery may have taken a breather due to the cold weather,” David M. Blitzer, Managing Director and Chairman of the Index Committee for S&P Dow Jones Indices, said in a news release.

Across the nation year-over-year, New York (at a 6.7% gain) and Washington D.C. (at 9.2% gain) posted their highest year-over-year returns since 2006. Others included, Los Angeles 18.9%, San Diego 19.4% and San Francisco 23.1%.

See the attached release for more data on Atlanta and other U.S. cities.

jMichael March 25, 2014 at 05:15 PM
Thank you, President Obama.
Observer March 26, 2014 at 01:33 PM
The bubble is being re-inflated yet again, only this time the rise will be sharper and shorter and the decline will be fast and brutal. The federal government needs to get out of purchasing mortgage backed securities at the rate of $40 billion per month. Where will the money come for a second bail-out? Oh, that's right! just run the printing presses wide open 24/7/365. Wait a minute! we're already doing that. Seen the price of chicken or beef lately? It's up 60% in the last 2 years, but the government says the inflation rate is near 0%.

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