The real estate along with the rest of the nation has taken a significant punch to the stomach and now after two years hope prevails. In some areas of Georgia prices are slowly starting to stabilize and rebound.
Two years into one of the biggest depressions/ recessions in the world economy. Georgia home owners and Realtors are finally beginning to see the light at the end of the tunnel. Slowly the price of homes in the Atlanta market are slowly inching upwards. You are beginning to see very small steps forward in this market. Home prices have taken a big hit in the last two years taking dives down to 30 percent of highs two years ago. I do not see prices rebounding to previous prices for more than 3 to 4 years. Their is a possibility for a faster rebound if the economy goes through very fast and high inflation something good for the real estate market but a disaster for the health of the global economy.
So the hope is that the real estate market has finally reached bottom for the majority of the metro market. I believe we still will see price drops in the south Atlanta area as investors flee once promising areas such as College Park . Growth should be slow, it always has been in Georgia. I think for those who can hold onto their homes for a few years the rewards will be great. I think they should at least break even instead of being so deep underwater as many are today.
I also think it is a good time for investors to really start buying again . There is still a lot of fear out their about the economy and the state of real estate . This has always been the historically best times to buy. When everyone is in fear buy when everyone is celebrating sell.
Tell me your thoughts of when we will recover 2010 ++++ or sooner ?
