Metro Atlanta’s recent rebound in home prices continued into the summer, but the gains show signs of slowing.
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WHY IT MATTERS
Home values are important even to people who aren’t likely to sell or buy any time soon. They contribute to the so-called “wealth effect” that helps drive the broader economy by making people more confident about purchases of all types.
Cities with the largest home price increases in June, vs. June 2012:
City, percent increase
Las Vegas, 24.9
San Francisco, 24.5
Los Angeles, 19.9
San Diego, 19.3
Source: S&P/Case-Shiller Home Price Indices