Home prices in metro Atlanta dipped slightly from October to November, but grew year-over-year, according to the latest S&P/Case-Shiller Home Price Indices released Tuesday.
“Home prices extended their gains, supported by continued low mortgage rates, tight supplies and an improving labor market,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “Sales of existing homes were up 6.5 percent in 2015 vs. 2014, and the number of homes on the market averaged about a 4.8 months’ supply during the year; both numbers suggest a seller’s market.”
The Atlanta Business Chronicle
The Department of Justice (DOJ) concluded that the state of Georgia is illegally segregating students with disabilities and behavioral issues. DOJ conducted a two-year investigation.
Six states, including Georgia, are scheduled to increase gas taxes on July 1 to help pay for transportation projects, according to the Citizens for Tax Justice and the Institute on Taxation and Economic Policy (ITEP).
Today, the Supreme Court announced its decision in support of the Affordable Care Act.
The ruling holds that the Affordable Care Act authorized federal tax credits for eligible Americans in states with their own exchanges and in the 34 states with federal marketplaces.
The U.S. Supreme Court is expected to announce a decision in King v. Burrell, possibly this week. The petitioners are challenging the legality of premium and cost-sharing subsidies for low- and middle-income people buying health plans in 34 states where the federal government rather than the state is operating an insurance marketplace established by the Affordable Care Act.
“In my state of Georgia, 500,000 people would lose their insurance — 8 or 9 million people across the country. And all [states] have to do is put the exchanges in place,” Rep. David Scott (D-Ga.) said as he left a closed-door meeting.
Georgia law prohibits Medicaid expansion without legislative approval.
The Obama administration estimates that 6.4 million Americans currently get financial subsidies through Health.gov.
Georgia ranks number one in growth based on the amount of women-owned firms that have opened since the late 1990’s. It’s more than 130%. In contrast, Alaska is in last place with about 14%. The national average is 50%, including all businesses.
In a review of cities with affordable housing and a strong employment market, Zillow, a real estate data company, ranks Atlanta as a favorable city offering both advsntages. According to Zillow, Atlanta offers a housing price-to-income ratio of 2.7, compared with 8.8 for San Francisco.