Home prices in the metro Atlanta area show improvement for another month. Homeowners and real estate agents hope the trend will continue.
Atlanta real estate veteran Mitch Kaminer says agents are seeing better market conditions after several years of trouble. He's president of the Atlanta Board of Realtors.
The group reports metro home sales were up 3.2 percent in July from a year ago, with the median sales price at $150,000 compared to $139,000 last July.
"Prices are coming back. They are bouncing back, some areas more than others. Some areas were hit more than others," said Kaminer.
This is the fourth straight month of home price improvements in the metro area, but prices are still down from a year ago. Still, the indications of at least a modest recovery are encouraging for home sellers.
"It seems that houses are priced to sell…Although we know that we will lose money compared to what we bought it for five years ago, we're hoping that we're get a good, solid offer," said Walker Luedecke, whose home is on the market in Brookhaven.
Kaminer says stronger prices also reflect diminishing foreclosure sales.
"Everyone agrees we hit bottom. Now we're riding it up and it's going to take baby steps to get up there, but we will," said Kaminer.
Real estate agents say metro home prices show stronger gains in several areas including Alpharetta, Roswell, Sandy Springs and Dunwoody.
Wednesday, June 19 2013 10:37 AM EDT2013-06-19 14:37:41 GMT
After bonding out on a 15-count criminal indictment, DeKalb County CEO Burrell Ellis denied any wrongdoing, saying "I've done nothing wrong."
After bonding out on a 15-count criminal indictment, DeKalb County CEO Burrell Ellis denied any wrongdoing, saying "I've done nothing wrong. I would never, ever, ever do anything to voilate the public trust."
Wednesday, June 19 2013 8:29 AM EDT2013-06-19 12:29:16 GMT
A local couple is happy to hear that members of a morning radio show fired for mocking a former ex-NFL star battling ALS now admit that they went too far.
A local couple is happy to hear that members of a morning radio show fired for mocking a former ex-NFL star battling ALS now admit that they went too far.
Wednesday, June 19 2013 8:13 AM EDT2013-06-19 12:13:25 GMT
The Woodstock Police Department says a police K-9 died after being left in his handler's patrol car.Spartacus, a 3-year-old Belgian Malinois, was found dead in his handler's patrol car. Authorities later
The Woodstock Police Department says a police K-9 died after being left in his handler's patrol car.
Tuesday, June 18 2013 11:38 PM EDT2013-06-19 03:38:42 GMT
The City Council of Chamblee has delayed a controversial land rezoning variance. The Council also issued a preliminary resolution saying that they wanted to fire their own manager.
The City Council of Chamblee has delayed a controversial land rezoning variance. The Council also issued a preliminary resolution saying that they wanted to fire their own manager.
