Power Breakfast: Metro home prices fall, pension reform, tarmac delay, UPS, Synovus, CCE, Goldman

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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2 comments Add your comment

TnGelding

April 28th, 2010
7:49 am

Good news for sellers; bad for buyers. But good for the overall economy. The stimulus has worked as planned and has kept things from getting worse. It’s amazing with so many unemployed or underemployed. A voluntary moratorium on layoffs and foreclosures should have been called for before Bush left office and certainly after the “hope and change” arrived.

With interest rates so low and tax credits it’s certainly a good time to buy if you have a dependable income.

Morrus

April 28th, 2010
7:51 am

Vote out the incumbents and start over