Power Breakfast: Metro home prices tick up but still way down, insurance, schools, Hyundai, Greece

Metro Atlanta’s housing market has a long way to go.

The metro area’s median price of an existing home ticked up about $4,000 in May, compared with last winter. But that was still $21,200 lower than May 2010, AJC writer Christopher Quinn reports, citing new data from the National Association of Realtors.

Foreclosures and short sales are continuing to keep prices depressed, Quinn writes.

The organization’s monthly report also showed a little progress on the sales front — up 1.1 percent compared to May of last year, Quinn writes. The 18 other metro areas tracked by NAR showed an average drop of 12.8 percent.

Also in the AJC:

In other media:

- Henry Unger, The Biz Beat

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4 comments Add your comment

Buzz G

June 22nd, 2011
7:48 am

Tick is the right word. I can hear that debt bomb ticking right now.

dmb

June 22nd, 2011
8:06 am

Lies.. lying real estate agents, cheating politicians and crooked developers and bankers. I hope they are happy with themselves. It will take ten years or more to get out of this mess.

Hmmmmmmmm

June 22nd, 2011
8:07 am

Tick up, What a lot of HORSE$hit……We haven’t seen anything yet…. But hey, if it makes you feel better, then keep drinking the grape juice…

Mr. H. Jublome

June 22nd, 2011
8:39 am

Homeownership is for people who like to lose money.