Tripp Cook, Communications & PR Director
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Median home prices fell in metro Atlanta last month, but still finished up 7.7 percent from the levels of a year ago for an 11-county area, according to a report issued today by the Atlanta Realtors® Association.
Home prices continue to rise last month in metro Atlanta, while the number of sales declined, according to the Atlanta Realtors Association.
Home sales last month were a lot stronger in Atlanta last month than in November a year ago, especially in Gwinnett Country, according to a report released today.
"Consumers want to live in the market in which they work," said Lane McCormack, president of the Atlanta REALTORS®.
Lane McCormack, the president of Atlanta Realtors, said interest rates spurred some of November's sales.
"This increase was partially due to buyers' concerns over the potential rise in interest rates in the upcoming months and uncertainty over the Presidential election," she said.
For people buying their first homes, “It’s very difficult to find a product for them that they can afford,” said Lane McCormack, president of the Atlanta REALTORS®, adding that starter homes in her area can fetch $300,000 to $400,000.