The price index continued to climb in Atlanta, though, increasing 0.64% from June to July. Year over year, the Atlanta home price index is up 22.4%
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“Housing data for May 2022 continued strong, as price gains decelerated slightly from very high levels,” Craig J. Lazzara, managing director at S&P DJI, said.
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Both the Case-Shiller and Federal Housing Finance Agency indexes showed record-setting growth in home prices.
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Home price gains continue to accelerate, reflecting the significant imbalance between the supply and demand for housing across the U.S.
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Rocketing home prices present challenges for home buyers as many states began reopening businesses from coronavirus-related shutdowns.
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Homeowners nationwide enjoyed a more than 8% increase in home prices over the last 12 months ending in November, making it the largest year-over-year increase since March 2014, according to the CoreLogic Home Price Index.
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