Home prices in the metro Atlanta area show improvement for another month. Homeowners and real estate agents hope the trend will continue.
Atlanta real estate veteran Mitch Kaminer says agents are seeing better market conditions after several years of trouble. He's president of the Atlanta Board of Realtors.
The group reports metro home sales were up 3.2 percent in July from a year ago, with the median sales price at $150,000 compared to $139,000 last July.
"Prices are coming back. They are bouncing back, some areas more than others. Some areas were hit more than others," said Kaminer.
This is the fourth straight month of home price improvements in the metro area, but prices are still down from a year ago. Still, the indications of at least a modest recovery are encouraging for home sellers.
"It seems that houses are priced to sell…Although we know that we will lose money compared to what we bought it for five years ago, we're hoping that we're get a good, solid offer," said Walker Luedecke, whose home is on the market in Brookhaven.
Kaminer says stronger prices also reflect diminishing foreclosure sales.
"Everyone agrees we hit bottom. Now we're riding it up and it's going to take baby steps to get up there, but we will," said Kaminer.
Real estate agents say metro home prices show stronger gains in several areas including Alpharetta, Roswell, Sandy Springs and Dunwoody.
Monday, May 20 2013 11:56 PM EDT2013-05-21 03:56:14 GMT
Police are investigating a suspected rape at North Atlanta High School. Authorities say a male at the school raped a female student on campus during school hours.
Police are investigating a suspected rape at North Atlanta High School. Authorities say a male at the school raped a female student on campus during school hours.
Monday, May 20 2013 11:12 PM EDT2013-05-21 03:12:38 GMT
The Douglas County district attorney used seized drug money to take support staff to a north Georgia training conference designed for prosecuting attorneys.
The Douglas County district attorney used seized drug money to take support staff to a north Georgia training conference designed for prosecuting attorneys. The FOX 5 I-Team followed along and found the four women didn't even register to attend the conference.
Monday, May 20 2013 7:16 PM EDT2013-05-20 23:16:20 GMT
The owner of a proposed gun range squared off with some concerned residents at an Atlanta City Council meeting on Monday.
The owner of a proposed gun range squared off with some concerned residents at an Atlanta City Council meeting on Monday. The proposed gun range would be built in an old warehouse near Atlantic Station.
Monday, May 20 2013 10:42 PM EDT2013-05-21 02:42:18 GMT
Omar Morales feels lucky to be here for his son Joshua's 10th birthday on Monday. Morales was one of the passengers on board a USAir flight that made an emergency landing at Newark Liberty.
Omar Morales feels lucky to be here for his son Joshua's 10th birthday on Monday. Morales was one of the passengers on board a USAir flight that made an emergency landing at Newark Liberty.
Monday, May 20 2013 10:28 PM EDT2013-05-21 02:28:23 GMT
After Assemblyman Vito Lopez resigned over claims of serial sexual harassment of female staffers, attention turned to whether powerful Assembly Speaker Sheldon Silver should continue his leadership.
After Assemblyman Vito Lopez resigned over claims of serial sexual harassment of female staffers, attention turned to whether powerful Assembly Speaker Sheldon Silver should continue his leadership.
Monday, May 20 2013 7:05 PM EDT2013-05-20 23:05:15 GMT
A private country club opened its golf course to the public for a charity tournament to raise money for Superstorm Sandy relief. The Westlake Golf and Country Club in Jackson hosted the event on May 13,
A private country club opened its golf course to the public for a charity tournament to raise money for Superstorm Sandy relief. The Westlake Golf and Country Club in Jackson hosted the event on May 13,
Monday, May 20 2013 6:30 PM EDT2013-05-20 22:30:03 GMT
Repair work on tracks that were damaged in last week's train collision has progressed quickly enough that the MTA predicts restoring full service along the New Haven line by Wednesday morning.
Repair work on tracks that were damaged in last week's train collision has progressed quickly enough that the MTA predicts restoring full service along the New Haven line by Wednesday morning.
Monday, May 20 2013 6:05 PM EDT2013-05-20 22:05:22 GMT
A spate of hate-fueled attacks on gay men in New York, including a killing in the heart of one of its most gay-friendly neighborhoods, is stirring up anxiety, disbelief and outrage.
A spate of hate-fueled attacks on gay men in New York, including a killing in the heart of one of its most gay-friendly neighborhoods, is stirring up anxiety, disbelief and outrage.
Monday, May 20 2013 5:32 PM EDT2013-05-20 21:32:24 GMT
As a family prepared for the funeral of a Hofstra junior killed by a cop's bullet during a standoff with an armed intruder, questions remain about how police handled the situation.
As a family prepared for the funeral of a Hofstra junior killed by a cop's bullet during a standoff with an armed intruder, questions remain about how police handled the situation.
