Atlanta, GA - Local Housing Data - Summary

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Atlanta, Sandy Springs, Marietta, GA

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Atlanta, GA Local News

  • Why Prime-Age Workers Aren't Going Back to Work

    Federal Reserve Bank of Atlanta research economists Melinda Pitts, John Robertson and Ellyn Terry look at reasons and impediments to explain why labor force participation among workers who should be employed has dropped so dramatically.

  • Home Depot Chief Takes A Pay Cut, to $11 Million

    Atlanta Journal-Constitution staffer Russell Grantham reports that Home Depot ceo Frank Blake's pay dipped slightly last year, to $11 million from $11.1 million the year before.

  • The 10 Most Segregated Cities in the U.S.

    According to a 2013 report by Brown and Florida State University professors John Logan and Brian Stults, racial segregation rates are still very high in the United States. Atlanta Black Star's Glester Thorpe reports.

New Home Closings and Prices in Atlanta Climb According to Recent Figures

Posted on: Apr 06, 2014 07:02:38 AM

Closings of new homes jumped year-over-year in December in the Atlanta, GA market, and the market seemed to be suggesting bolstering with a percentage surge stronger than November 2013. New home closings saw a rise of 50.9% from the year earlier to 1,168. In comparison, new home closings in the same month last year saw a 45.1% boost year-over-year in November.

A total of 10,698 new homes were sold during the 12 months that ended in December, up from 10,304 for the year that ended in November.

New home closings accounted for 12.5% of overall housing closings. This is better than the 7.3% of closings a year earlier. Following a year-over-year decline in November, closings of new and existing homes also slid year-over-year in December.

Pricing and Mortgage Trends

For newly sold homes, the average price gained 8.1% year-over-year in December to $310,357 per unit. This surge is smaller than the 9.0% bump in November year-over-year.

The average mortgage size on newly sold homes saw a boost year-over-year along with new home prices. The average mortgage size rose to $261,859 in December, marking a 9.3% gain compared with a year earlier. In November 2013, average mortgage size on newly sold homes saw a 8.9% hike year-over-year from a year earlier.


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