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|
|San Diego Area||1.1%||-2.4%||Mar-06||-38.8%||Nov-02||5|
|Washington DC Area||0.2%||-2.8%||Mar-06||-29.2%||Apr-04||7|