ATLANTA MARKET - SEPTEMBER 2009 in REVIEW

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Real Estate Agent with Berkshire Hathaway GA Prop

I was at a seminar recently. Among many topics, was of course, the subject of market conditions for Atlanta in 2010.  And, as you can imagine, the opinions were mixed. Opinions ranged from a  50/50 chance the recession will turn around (safe bet!) to the possibility of a double dip recession.

Other projections included:

  • Interest rates will remain level but rise slightly by the end of 2010
  • Home prices will remain flat
  • The sweet spot for home sales:  $400,000 and under
  • Condo inventory will finally become depleted but at the expense of price slashing
  • S-L-O-W new home starts.

Here are the current stats for September 2009 vs. September 2008

Foreclosures in our Atlanta market still tend to capitalize our market; but, short sales seem to be making a strong showing. Unfortunately, due to the unregulated handling of short sales, they still tend to be a lot of work and require an enormous amount of patience - with no guarantee.

For more market reports for our Atlanta market, please visit my webiste:  MySuwaneeHome.com and click on "Janice's Blog".

 


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Rainer
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Joseph Welusz
QuoteMatcher.com - Evesham Township, NJ

Hey only two out of the three are down.  Yeah, DOM is up. Great!!!  Sarcasm Hate it.  I'm sure it's the same all over except for a few hot spots.

 

Click This link Atlanta Homeowners Insurance Quotes to compare insurance rates in Atlanta.  Click this link Perils to find out what a peril is, don't get it confused with a piece of jewelery a "pearl".

Nov 19, 2009 03:36 AM #1
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Rainmaker
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Janice Slaven

Suwanee Georgia Real Estate
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