Atlanta Home Values Still Below Normal

I recently found this chart on a Prudential Realty web site.  It suggests we are below the “normal” trend line in Atlanta, which is appreciation of about 3.5% per year.  As we work through the foreclosure inventory and return to a more normal mix of resales and new homes, home values will rise.

Prudential also had the following chart based on the Case-Shiller index which is interesting.  It shows how homes purchased in recent years would compare to the current index:
Homes Bought in 2000 – Loss of 1.15%
Homes Bought in 2001 – Loss of 6.40%
Homes Bought in 2002 – Loss of 9.87%
Homes Bought in 2003 – Loss of 12.71%
Homes Bought in 2004 – Loss of 15.68%
Homes Bought in 2005 – Loss of 19.72%
Homes Bought in 2006 – Loss of 23.39%
Homes Bought in 2007 – Loss of 23.88%
Homes Bought in 2008 – Loss of 16.80%
Homes Bought in 2009 – Loss of 5.87%
Homes Bought in 2010 – Loss of 3.52%

2017-08-29T17:44:39+00:00 January 15th, 2012|Uncategorized|