Wednesday, December 31, 2008


The local Atlanta real estate market, like many places in the country, is still in the toilet. And there doesn't seem to be any light at the end of the tunnel.

Below is an excerpt from a recent story in the Atlanta-Journal:

Metro Atlanta home prices took a record double-digit tumble in the year ending in October, according to a closely watched 20-city index released Tuesday.

With an average price drop of 10.5 percent for existing single-family houses, Atlanta joined 13 other cities experiencing double-digit declines. It was the metro area’s first annual double-digit drop since the index started reporting Atlanta data in 1991.

The metro area also posted a record month-to-month decline of 2.4 percent.

Across the country, home prices fell faster than ever in October, providing fresh evidence that the nationwide housing slump was nowhere near an end. The Standard & Poor’s/Case-Shiller index of home prices in 20 major metropolitan areas reported an 18 percent dive over the previous year, marking 22 consecutive months of price drops.


Prices may be dropping, but we're still buying. If you're in a situation and you're saying to yourself, "Sell My House FAST," contact us by filling out one of our confidential seller questionnaires. Also, feel free to go to the website and look around:

We're ready when you are, not matter your situation or the condition of the house.

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