Real Estate Blog - Foreclosures drop and building picks up in Coweta County in November 2009! A Coweta county real estate report.

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Foreclosures drop and building picks up in Coweta County in November 2009! A Coweta county real estate report.

It appears the Coweta County real estate market is showing some signs of recovery. The number of foreclosures advertised in the Newnan Times-Herald for November 2009 is 185, down from 207 in October and a record 265 in September.¹

In addition, requests for on-site environmental health evaluations is up nearly 20% from a year ago, indicating that there is a modest increase in building activity, These factors, combined with new federal tax credits for home purchaser, could help to stabilize the local economy.

And while these improvements may only be baby steps in the right direction, they still tend to reduce the slippery slope to something a little more manageable!

Coweta enjoys low property prices, and combined with low interest rates and new tax credits, there has never been a better time to purchase a home in the county. If you are considering a move to the Atlanta area, be sure to include Coweta County and Newnan on your list of possible places to relocate.

¹ Source for all statistics: The Newnan Times-Herald

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Posted by Richard Weisser - Coweta Fayette Real Estate - Newnan homes for sale on 11/05/2009 07:01 PM

Comments (7)

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Originally posted at: Coweta Fayette Real Estate and Newnan Homes for sale blog by Richard Weisser of ERA United Realty: Foreclosures drop and building picks up in Coweta County in November 2009! A Coweta county real estate report.

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7 Comments on Foreclosures drop and building picks up in Coweta County in November 2009! A Coweta county real estate report.

NOV

Once the baby gets legs, it will eventually walk pretty fast, and eventually run a little.

Heath...

I hope so. We need a lot more good news before it's all over and done with, Thanks.

Richard, That is great news for your area! And yes, right now IS the best time to buy!

Richard,

This is good news and hopefully it will continue to improve.

Richard...great news that is where the recovery needs to start not all the give aways!

It's good to hear that there are some positive signs. The press seems to focus only on the negative.

NOV

My loan activity is definitely up in Coweta. Have an application in for a HUD $100 FHA loan, a $410k refinance and got a call for a construction to perm this past week. We knew it was coming and it has been building (activity) for sure!

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