Power Breakfast: Metro home prices fall, jobs strategy, health care, Gatorade, Google

Spring may be here, but metro Atlanta’s housing market is still not blooming.

Home prices across metro Atlanta fell in February, although not as far as they did the month before, AJC staffer Michelle Shaw reports.

Median sale prices for existing single-family homes fell 4 percent in February to $110,100, when compared to the year before, according to a National Association of Realtors report released Tuesday.

That decline is an improvement on the 10 percent year-over-year drop in prices seen in January.

While February’s data looks better, it still doesn’t imply recovery, said Hank Miller, a Prudential Georgia Realty broker and certified appraiser.

“The jury is still out in my mind,” Miller told Shaw.

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One comment Add your comment


March 24th, 2010
7:45 am

It’s sad that so many home buyers were duped. Why didn’t they consult someone in their families for advice before signing on the dotted line? But then I advised a great-nephew not to pay more than $80k for a house he was looking at and he ignored it. Then lost his job after one payment had been made. Why do the builders continue to build?