The recent media meltdown over bad credit mortgages served to focus public attention like a laser beam on the current residential Atlanta real estate slowdown. But other news events have shifted the focus.
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This could end up being the worst year for existing home sales in five years.
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Georgia and Atlanta home sales are tracking the national trend down, but the city’s housing prices are better positioned, showing median price increases compared with earlier this year and last.
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If.
In examining last week’s demise of HomeBanc Mortgage — the latest casualty in the problem-plagued industry — its fortunes seemed to rest on a series of “ifs.”
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The opening sentence of Haddow & Co.’s mid-year 2007 condominium market overview sends a blunt warning about Atlanta’s Intown market: It’s entered the danger zone.
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Georgia has become a more affordable state in which to close a mortgage loan, according to a Bankrate Inc. survey published this week.
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Eager to feel and show elevated status, many homeowners in the last four years or so took out risky mortgages with lower initial payments in order to buy fresh, big new houses.
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Lela Hinson put her Campbellton Road house on the Georgia housing market last fall just as the U.S. real estate market plunged into its deepest sales slump in years.
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Teresa Weathers may have bitten off more of the American Dream than she can afford. Like an increasing number of homeowners, she’s facing foreclosure.
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The national housing market hasn’t really gotten rave reviews lately. Maybe you noticed. Widespread subprime, or bad credit home loan lending, has led to a surge in foreclosures around the country.
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