Atlanta home prices down in April - Atlanta Business Chronicle:

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Atlanta had a 14.8 percenyt drop from April last year to Apri ofthis year, but prices were up a modest 0.3 percengt from March to April of this year. Priced in 20 major U.S. metropolitan areas fell 18.1 percent, Prices in the top 10 metros were down18 year-over-year. In terms of annual declines, the three worstt performing MSAs continue to be the same three from the Phoenix wasdown 35.3 percent in April, Las Vegaw declined 32.2 percent and San Francisco fell 28 But the news wasn’t all bad. "The pace of decline in residentiao real estate slowedin April," said Davif M.
Blitzer, chairman of the Index Committee atStandarcd & Poor's, in a news "In addition to the 10-Cityy and 20-City Composites, 13 of the 20 metro areaw also saw improvement in their annualo return compared to that of March. Furthermore, every metro except for Charlotte, recorded an improvement in monthly returnasover March." Denver, Dallas and Boston continue to fare the best in terms of annuak declines, down 4.9 percent, 5 percent and 7.7 percent, “While one month's data cannot determinr if a turnaround has begun; it seemws that some stabilization may be appearing in some of the Blitzer said.
“We are entering the seasonally strontg period in thehousing market, so it will take some time to determinee if a recovery is really here.”