Metro Atlanta, Gerogia Real Estate Market, North Georgia, REO Sales

A eport from the Commerce department showed that new home sales increased 1.7% in october from September..... That is National, not the fact for Georgia....

The fact is that the housing and credit problems are affecting the behavoir of consumers and businesses alike. Builders slashed investments in housing projects by 19.7 percent, on an annualized basis. It marked the biggest cut in a year.The median sales price of a new home fell to $217,800 in October. That is down 13 percent from a year ago. In the Metro atlanta area there are over 110,000 homes for sale. It is a BUYERS MARKET...There are still great loans to be had and I say if you want to own a home ....now is the time to buy. The inventory is huge and the sellers are willing to deal.. I do want to say that the sellers are not going to give the property away. I have had several buyers want to make such low ball offers that it was just insane and the sellers are not stupid. well have a great weekend coming up. Remember I can help you. call or e-mail anythime.

MarK