Local Voices
Introducing a New Residential Real Estate Index: The Cal-Culator
Atlanta has a new metric for measuring the health of the Atlanta residential real estate market, thanks in part to Georgia’s largest non-bank mortgage lender. Southeast Mortgage’s President and CEO Cal Haupt is lending his expertise, and his name, to the creation of The Cal-Culator. The Cal-Culator report will be distributed to media outlets prior to being published on Southeast Mortgage’s Thought Leadership blog on SaportaReport.com, Atlanta’s authoritative civic website.
The monthly Cal-Culator number rating will be based on a variety of factors including mortgage rate trends, single-family housing starts, the inventory of Atlanta homes, consumer confidence and the Atlanta economy. Haupt will be consulting numerous sources, such as the S&P Case-Shiller Home Price Indices, Atlanta’s On Numbers Economic Index, the Conference Board Consumer Confidence Index and more.
The inaugural month of the Cal-Culator for August 2013 was ranked a 5.1 due to continued momentum in the recovering Atlanta housing industry. In comparison, the Cal-Culator would have rated March 2012, when the BusinessInsider.com wrote that Atlanta had the worst housing market in the country, a 1.5. Atlanta’s housing peak in 2004 would have received a 9. The Cal-Culator for August 2013 can be viewed here.