Georgia

The housing market has continued its steady march away from being affordable for many Atlantans, according to the latest report from the Atlanta Realtors Association.

The city of Savannah, Ga., more than doubled the number of properties targeted with a blight tax this year in a continued attempt to reduce the amount of unsafe and unsightly structures throughout its neighborhoods.

Atlanta's average home prices are up 5.8% since last year, according to a high-profile report on the nation's housing market issued Tuesday.

The retreat in Atlanta's housing market is becoming a rout as the number of home sales last month took a double-digit tumble from a year ago.

A supply-demand mismatch has continued to chill housing sales in metro Atlanta, according to a report from Remax of Georgia.

The CFPB's move is in line with the other banking regulators who have offices in Atlanta.

The housing market's long-running trend of fewer sales and higher prices has intensified, adding to worries about affordability in the region.

The local real estate market had a summer as hot and record-breaking as Savannah's temperatures with more than 1,500 homes selling across Bryan, Chatham and Effingham counties during June and July.

Metro Atlanta home prices have climbed 5.6% during the past year, reinforced by a strong economy and a worsening shortage of houses for sale.

The metro Atlanta housing market broke records in opposite direction last month, hitting a high in the price of homes that were sold and a low in the supply of homes listed for sale.