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Intown Atlanta real estate crystal ball: 3.5 changes coming

CHANGE #1 stable mortgage fees, higher interest rates CHANGE #2 home price stabilization...for the most part Here is one headline grabbing way to look at that issue - from December 2013: http://www.wsbtv.com/news/news/local/study-shows-home-prices-booming-atlanta/ncZFn/ Here is yet another way to consider prices in Atlanta - from February 2014: http://www.forbes.com/sites/erincarlyle/2014/02/25/spcase-shiller-home-prices-dip-for-2nd-straight-month-in-december/ Huh? Who is right? Call me if you want a real analysis of a local neighborhood. Relying on indexes, pricing from years ago, Zestimates, costs of improvements, costs of maintenance, etc. etc. etc. can lead to a false sense of inflated value. CHANGE #3 home price deflation in many submarkets - most analysts have been calling for stable, or flat pricing for some time now, running with the 3-4.5% (depending on who measures it) inflation rate that has been measured for decades. Many factors impact the submarkets … [Read more...]