Power Breakfast: Atlanta home prices at 11-year low, Aaron’s adding jobs, state taxes, Home Depot, transit

An index measuring metro Atlanta home prices slid to its lowest point in 11 years in January, AJC reporter Michelle Shaw writes.

According to the latest Standard & Poor’s Case-Shiller Index, existing single-family home sale prices declined by nearly 7 percent in January compared with the same month in 2010, Shaw reports.

Atlanta’s index sagged to 99.59, just below the 100 benchmark score representing prices at the start of 2000. It was the first time metro Atlanta’s score was below 100 since December 1999, Shaw writes.

Nationally, the 20-City index fell 3.1 percent in January from a year earlier, Shaw reports.

“Looking across some of the markets, we see that . . . Atlanta has joined Cleveland, Detroit and Las Vegas as markets where average home prices are now below their January 2000 levels,” said David M. Blitzer, chairman of the Index Committee at Standard & Poor’s.

Also in the AJC:

In other media:

- Henry Unger, The Biz Beat

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3 comments Add your comment

Mike

March 30th, 2011
6:48 am

So you added nothing and just cited to another article? Don’t work too hard…

TnGelding

March 30th, 2011
7:53 am

Well, if you have a job they’re at least affordable. A great time to buy. And if you’re reluctant to sell at these low prices but are going to have to buy another house, it’s a wash. The only ones really hurting are those that want to sell, realize their long term capital gain and move in with a family member, into assisted living or start renting. Is all this just because someone decided the middle class was just getting too wealthy?

If you’re young and underwater, just hang in there. It WILL get better.

Who would have thunk it? The GOP voting on a bill to raise taxes on most of us. Thanks fellas and gals!

What gives? Consumer confidence down; stock markets up. Looks like another good opening today. Now if it can just have a big close!

^^^^

March 30th, 2011
10:30 am

TnGelding, it’s a good time to buy only if you plan on living here for the foreseeable future. I, for one, plan on getting out as soon as possible because this ship is taking on more and more water. I’m thinkin Austin or Dallas…