Atlanta Area Market Trends Report

The housing market in the Atlanta area this past May has over 5,500 properties that are in default, auction, bank owned status, or some state of foreclosure, according to RealtyTrac, Inc., a California-based online data tracking service. The number of homes for sale on RealtyTrac is 4,181, with foreclosures increasing 2 percent in May over last month’s figures. The numbers indicate, however, a steep decline from the same time last year, of 53 percent versus May 2012.

Despite Lower Home Values, 9 out of 10 Homeowners Stick It Out

Any smart student of finance will tell you that it’s not a good idea to owe more on something than what it’s worth. That is why so many homeowners (especially those who had little to no buy-in) have simply walked away from their devalued homes, rather than remain underwater.

Home Construction Takes Off In (Some) US Cities

Good news for struggling property developers at long last – it seems as if the decline in housing starts is finally beginning to level off in many parts of the country, while in a few places, the number of developers breaking ground is actually starting to rise, according to a report in US News. Housing […]

Higher prices in April, but can it last?

Home prices in the US rose by 0.7% in April, up from March, according to the latest Standard & Poor/Case-Shiller price index, but even though this is great news there are doubts about its sustainability.   It is the first time in eight months that prices have increased, and S&P feels it may be due […]

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