Atlanta foreclosed homes have become so popular in recent years that some companies are offering bus tours of foreclosed homes in the city. These tours allow buyers and investors to be taken on an excursion to view foreclosure homes in the city. Some tours are organized by realtors interested in showing buyers their foreclosed properties, but some tours are run by independent operators and show a range of properties.Experts note that such tours show how popular foreclosure properties have become in Atlanta. The free tours also reveal that the local Atlanta foreclosures market is very much a buyer?s market. There are so many homes on local foreclosure listings and so many motivated sellers that companies are willing to offer perks such as free bus tours to lure buyers.Another trend in the Atlanta area is price. After home prices dropped steadily for 25 months, June 2009 saw a modest rebound. That month, the average home price jumped 1% over the previous month. While June 20 09 prices were still 14% below June 2008 prices, many financial experts saw the small 1% increase as good news for homeowners and investors.Like many areas across the country, Atlanta saw an increase in foreclosures in 2008. In the early 2000s, a solid economy and plenty of jobs allowed many buyers to purchase homes. Even some buyers who traditionally would not qualify for a home were able to buy a house. When the economy started to suffer in 2008, some of these buyers lost their jobs and were unable to make mortgage payments. Additionally, buyers with better credit ratings and larger incomes became more reluctant to purchase properties. As a result, many homes ? both new construction and previously owned ? went into foreclosure in the Atlanta area.In August 2009, Atlanta still saw a large number of Atlanta foreclosed homes on the market and a buyer?s market, but some signs indicated that the local housing market was rebounding. The number of foreclosures in the area dropped , although foreclosures still sold briskly. The number of foreclosure condos and townhouses was especially high in Atlanta. Foreclosures accounted for 40% of all townhouse and condo sales in August 2009.
Advertisement
Like this:
Be the first to like this post.
ijustine visionary guy kawasaki jani lane the exorcism of emily rose the exorcism of emily rose fort knox
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.