Atlanta Housing Prices Drop Again
“Home prices in metro Atlanta tumbled 5 percent in October following a 5.9 percent monthly decline in September, according to the Standard & Poor’s/Case-Shiller Home Price Indices, a nationally respected barometer of the housing market.”
The article goes on to mention Cleveland, Detroit and Las Vegas as other comparable markets. This is not good company to be associated with as the other markets have been slow to escape the housing bubble and foreclosure tidal wave.
The housing market downturn has been the result of a lack of confidence by the consumer.
But the AJC also cites other issues
“Tighter lending practices and wild swings in appraisals caused by the prevalence of distressed sales have also hampered non-distressed sales, further curbing prices.”
Investors are having a heyday snapping up properties at rock bottom prices. Individual home buyers are also starting to look and see VALUE where they had formerly only seen UNCERTAINTY.
Call me when you are ready to take the leap into the Atlanta housing market, Sally English 404-229-2995.