Atlanta median home prices drop to 1997 levels

The Atlanta-Journal Constitution (AJC) reports numbers from the National Association of Realtors and various analysts indicating that the year-over-year $14,600 drop in the median home price to just under $100,000 brings prices to 1997 levels.

Sluggish housing prices are certainly a large contributor to the government’s reported low inflation numbers. One wonders how much longer the Federal Reserve is willing to keep printing money to try to resuscitate the housing market while its liquidity essentially goes everywhere else except the housing market!

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