Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Atlanta Home Prices a Mixed Bag for 1st Qtr '12
A review of Atlanta housing trends from 1st quarter ’11 to 1st quarter ’12 shows that parts of three counties in the greater Atlanta real estate market saw the largest percentage increase in home sales. Inventory continues to drop all over, however the percentage of distressed sales (short sales and foreclosures) remains over 50% in 12 of the 41 MLS areas and over 40% in another 7 areas considered “metro Atlanta”. In an area of Gwinnett County, distressed inventory is over 66%. Yet many of these same areas have low months of supply of inventory. Buyers in many areas can’t find a home but the data shows ample inventory and dropping values; what gives?
The “what” is the influence of distressed inventory. This cannot be overstated or ignored; while Atlanta didn’t have the same bubble as other areas did, the area is heavily impacted by distressed homes. Atlanta sprawled like a spilled beer and saw unbridled and unsustainable new construction, speculation and the continuing problem of mortgage fraud. Short sales also remain a significant factor, many eventually foreclosing and going back to the lender. The reality is that distressed homes impact all facets of this market and will for several years.
... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention