Tuesday, June 28, 2011

Home Prices Rise for the First Time in 8 Months

Today it was announced that home prices are rising for the first time in 8 months! Prices rose in 13 of the 20 cities tracked by the Standard & Poor's/Case-Shiller home-price index, according to the April report released Tuesday (yahoo.com). Atlanta being the third largest increase in US cities!

This is said to have been a result of a very successful Spring market, rebounding from the lowest price levels this past Winter since 2002. According to Yahoo.com, "Even when adjusted for seasonal factors, prices rose in some markets that had been pummeled by slumping sales: Atlanta, Minneapolis, Phoenix and Portland, Oregon".

This is such exciting news for the Atlanta real estate market! If you have any questions or would like to know more about Atlanta real estate please contact me at ashley@beacham.com.

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