Atlanta Home Values Sink
By: Leon Castles
on Saturday, November 24, 2012
Housing sector is really making lot of progress in the United States where most people are trying to buy the best homes that they can buy. Although, Atlanta has remained among the best markets in the real estate sector the home values in the city has dropped down in the last few months. According to the report provided by Zillow the home values in the city did went up in the last few months but then it dropped down which means that most home buyers have lost some of their investments in the present situation.
The home values in Atlanta did go up by 1% in the last month but according to the fresh reports the home values have dropped down 2.4% in the current month. The report also claims that more and more buyers are now looking to buy homes in top cities like Denver, Phoenix and Austin where they can get better home values in the future. The home values have also hit the rent rates in the city as the rent rates in the city have dropped down by 0.5% over month to month performance and 0.2% year to year performance. While the home values in most part of the nation went up some cities like Atlanta saw the reverse trend which has affected the economy of the city.