This week’s Friday Factday highlights data from the Q3 2017 update to The Quarter, The Atlanta Regional Commission’s quarterly publication exploring leading indicators of overall economic health from a non-economist’s view. This week, we dig into the most recent S&P CoreLogic Case-Shiller Home Price Index numbers. The Case-Shiller index is the leading indicator measuring the change in residential real estate values for 20 select metro areas, as well as nationally. In April of 2017, for the first time since the recession, the Atlanta Home Price Index values rose above the pre-recession peak, and they have continued their upward trajectory over the last three reported months.
Atlanta’s most recent Case-Shiller Index from July 2017 is 139.38, nearly three points above the pre-recession peak value of 136.47 from July 2007, as shown in the Tableau dashboard below. Further, when compared to the other metros in the 20-metro Composite, metro Atlanta ranks 8th in Home Price percentage change since the pre-recession peak.
