Metro Atlanta home prices fell again in February, though only slightly, AJC reporter David Markiewicz writes. Meanwhile, prices nationwide posted their first year-over-year gain in three years, according to a widely watched index.
Experts believe while a residential housing recovery may be underway in metro Atlanta, it remains a work in progress, Markiewicz reports.
The Standard & Poor’s Case-Shiller Index showed prices in metro Atlanta declined 0.9 percent in February, compared with the same month of 2009.
It marked the latest in a steady string of shrinking year-over-year declines, Markiewicz writes. In June 2009, prices were 14 percent lower than a year earlier. By August of last year, that number dropped to 11 percent, and to 2 percent in January.
On a month-to-month basis, metro area prices declined 1.3 percent in February from January, after falling 1.5 percent in January from last December.
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