Atlanta's housing market has bottomed out
Recently, data released by S&P Indices for its S&P/Case-Shiller Home Price Index showed that home prices increased across the nation by 1.3 percent in April 2012. The findings come after several consecutive months of falling home prices, which have directly affected the national housing market.
Over 2012, real estate in Atlanta, GA, has struggled to improve like many of its counterparts. In fact, the city is often used as the base of housing growth, on the opposite scale from Phoenix, which has seen enormous growth over the past year.
Fortunately, Atlanta's luck seems to be turning around. The latest data from the S&P/Case-Shiller report showed a 2.3 percent appreciation in Atlanta home prices from March 2012 to April 2012, according to Home Buyer Institute. This means that while home sales may not be on the rise in the metro area, values have climbed recently. The data suggests Atlanta's housing market may be in the process of bottoming out, so prospective homebuyers looking for homes may want to invest in properties today before prices and competition become more apparent.