Power Breakfast: Slight uptick in home prices, hotels, sales-tax holiday, transit

You have to take a little good news anywhere you can find it.

Metro Atlanta home prices continued a mild rebound in July, according to a widely watched national index. But they still remain well below year-ago levels, AJC reporter Michelle Shaw writes.

Prices in the region rose 2 percent from June to July, the second straight month of improvement in the S&P Case-Shiller Index.

Year-over-year average prices were still down 12 percent in July, Shaw reports.

Nationally the 20-city index was up 1 percent from June, with Atlanta and 17 other cities posting gains. Only Las Vegas and Seattle fell.

But the national index was still down 13.3 percent from July 2008.

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One comment Add your comment


September 30th, 2009
7:51 am

If home prices were down 50% nationwide,that would be just about right.