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Timing The Atlanta Market

The Case-Shiller data for October was released today.

Good news first: seasonally adjusted data shows a 5th consecutive increase for nationwide home prices.  

Now the bad news: continued weakness in the Atlanta market with -.2% month over month; -8.1% for the year and a whopping -19.6% since the peak of the market in April of 2007.

The good, the bad and the ugly news: depending on whether you're a buyer/investor (good), seller (bad) or lender (ugly) we have seen prices this low since May of 2001.

Market MoM Change YoY Change Date of Max Change from Max Prices Last at This Level in… Consec. Mos. of Increase
LA Area 0.7% -6.3% Apr-06 -39.0% Sep-03 5
San Diego Area 1.1% -2.4% Mar-06 -38.8% Nov-02 5
Bay Area 1.7% -2.6% Feb-06 -38.6% Jan-01 6
Washington DC Area 0.2% -2.8% Mar-06 -29.2% Apr-04 7
Atlanta Area -0.2% -8.1% Apr-07 -19.6% May-01 0
Chicago Area -1.0% -10.2% Feb-07 -23.6% Feb-03 0
Boston Area -0.2% -2.8% Nov-05 -15.5% Jun-03 0
NY Area -0.2% -7.7% May-06 -19.5% Jun-04 0
Seattle Area 0.4% -12.5% May-07 -22.5% Apr-05 1
20-City 0.4% -7.3% Apr-06 -29.5% Sep-03 5

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