One of the most respected housing market analysts around, Laurie Goodman of Amherst Securities Group LP, recently testified before congress that if housing prices fall another 10%, the housing market would likely see a “death spiral” of falling property values and resulting defaults, as more and more home owners watch their property value drop well below what they owe on their mortgage.
S & P / Case-Schiller 4th Qtr 2011… Atlanta GA Weakest Housing Market
January 9, 2012 by
According to the Standard and Poors / Case-Schiller 4th Quarter 2011 Index of U.S. housing prices, 19 of the 20 markets in the 20 city composite index showed a continuing downward trend in housing prices. Atlanta, GA was the weakest housing market in the U.S. with a change of -11.7% during this same period.
