Power Breakfast: Atlanta home prices fall, tough teen job market, HOPE, Gulf spill, Euro crisis

Across a 20-county metro area, every region saw a residential sales price decline, according to The Atlanta Journal-Constitution’s annual Home Sales Report.

AJC reporter Michelle Shaw reports that all but two counties saw a drop in the number of homes sold, when compared to 2008.

The report was compiled with data by Marietta-based real estate research firm SmartNumbers. It looked at home sales and prices among hundreds of metro Atlanta ZIP codes but focused on 166 ZIP codes that saw a minimum of 75 homes sold during the year.

In the core counties of Clayton, Cobb, DeKalb, Fulton and Gwinnett, the median price of single-family homes — half sold for more, half sold for less — tumbled 21 percent, Shaw reports. At the same time, the number of homes sold fell 6 percent.

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