U.S. home prices are 24 times higher than they were in 1963 — while overall inflation is just 10 times higher.
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Housing inventory in the Atlanta area, meanwhile, remained significantly below year-ago levels in April.
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The employment numbers for March were revised down as well. The most recent data indicate a 770,000 increase in jobs for the month, compared to the previously reported increase of 916,000.
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Atlanta’s housing inventory fell to 7,571 homes for sale from 14,962 a year ago, according to the Atlanta Realtors Association.
The post Atlanta Housing Scorecard: Inventory half of what it was a year ago appeared first on Atlanta Agent Magazine.
“More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day,” National Association of Realtors chief economist Lawrence Yun said in a release.
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