Power Breakfast: Housing market stabilizing, College Hall of Fame, World Congress Center, Home Depot, Toyota

Stability appears to be returning to our housing market, although it’s still hurting.

AJC reporter Michelle Shaw writes that Atlanta’s average price in December fell nearly 1 percent over November, according to Standard & Poor’s Case-Shiller Index. But that slight decrease shouldn’t be seen as a negative, said Cameron Findlay, chief economist for LendingTree.com.

“You want to see that,” he said. “You don’t want to see huge spikes in value changes, which we are seeing in other places.”

Findlay said Atlanta’s trend is “nice and even” and its continuous improvement will be attractive to investors and consumers.

Another good sign — the year-over-year price difference shrunk to 4 percent in December, Shaw writes.

Since June, the year-over-year gap has steadily declined. In June, prices were 14 percent lower than a year earlier. By August that number was 11 percent, and by November, 6 percent, Shaw reports.

“It doesn’t mean all is well, but that the precipitous declines are likely behind us,” said Adam York, an ecomonist for Wells Fargo Securities.

Also in the AJC:

In other media:

3 comments Add your comment

TnGelding

February 24th, 2010
7:36 am

Likely behind us? Let’s hope so. At least until the next round of irrational exuberance.

Dan

February 24th, 2010
12:04 pm

hey Henry, how about do a piece on the city’s law firms (not only the big ones, but also the mid size firms)? How have the dealt with the economic downturn and what are their future prospects?

Jerry

February 25th, 2010
12:55 pm

Wow thats really funny how did it turn out. Marietta Air Conditioning