Joan's Real Estate Blog

New York, March 30, 2010 – Data through January 2010, released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show that the annual rates of decline of the 10-City and 20-City Composites improved in January compared to December 2009. In fact, the 10-City Composite is unchanged versus where it was a year ago, and the 20-City Composite is down only 0.7% versus January 2009.  Annual rates for the two Composites have not been this close to a positive print since January 2007, three years ago.

In the Atlanta area, we are down 1.5% from prices in December 2009 and down 2.2% from a year ago.  I know that doesn’t sound good, but the “rate” of decline has slowed considerably, giving us some positive news that our prices may be stabilizing in our area.

Please remember that real estate is local, local, local.  So, just because the Atlanta numbers are still showing a decline, that doesn’t mean that it’s still declining everywhere.  If you are interested in your home values in your neighborhood, call me or go to www.GAHomePrices.com.