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Georgia State Overview

Naomi M — Sat, 29 Sep 2007 16:13:47 -0500

Capital: Altanta

Estimated 2004 population: 8,829,383

Change from 2000: + 642,930

2004 housing units: 3,672,677

Housing units change from 2000-2004: + 367,218

Top Georgia Cities

Georgia Economy

Atlanta housing trends: Atlanta beats Phoenix for foreclosures

Wed, 31 Oct 2007 12:55:49 -0500

Atlanta and Phoenix have been rivals for the distinction of being the top U.S. home-building market for the past several years. Atlanta has held the title more than Phoenix, particularly in the past year.

But now Atlanta also has Phoenix beat for foreclosures. So far this month, more than $1 billion in homes have fallen into foreclosure in metro Atlanta, according to the data firm Equity Depot.

Metro Phoenix is at a 15-year high for foreclosures, but the value of the properties going into foreclosure last month and during October is well below $1 million.

Altanta Georgia housing market has biggest decline in 10 years

Tue, 09 Oct 2007 00:00:00 -0500

In the first half of 2007, the Atlanta real estate market was off slightly - running around 2004 to 2005 levels.

Since June, there has been a significant drop. In August, Smart Numbers reports that closed sales were off 34.6% which is the largest decline on record since 1996.

Pended sales and units were off even more. Significant market declines create buying opportunities.

Source: PrudentialGA.com