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".
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.
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