are you sure these are 2007 prices? how far from downtown Atlanta is this? is it safe to walk at night?
These are all current homes for sale. You can look them up on the realtor.com site. From downtown Atlanta, Kennesaw is about 27 miles away, Marietta about 23 miles, Roswell about 22 miles, and Canton about 40 miles. For anyone looking to move to the Atlanta area, these are the nice and safe suburbs to be in. Alpharetta and Cumming are great too. Dunwoody and Sandy Springs are great suburbs as well, but they are more expensive since they are both closer to downtown Atlanta than the other towns. The Buckhead section of Atlanta is the wealthiest and most beautiful section of the Atlanta area.
Classic: U.S. home foreclosures in May jumped 90% from a year earlier, reflecting a poor spring housing market and foreshadowing even higher levels later in 2007, real estate data firm RealtyTrac said on Tuesday. Ohhhhhhhhhhhhhhhh REALLY!??!?!
Does anyone know how the current foreclosure rate compares to the historical rate, rather than the end of a boom? http://www.cnbc.com/id/19190681/site/14081545/
How about this little snippet? Reality Trac's numbers are crap and they are in the business of selling foreclosures... http://www.ncbr.com/article.asp?id=85462 Colorado's top housing officials this week released a report disputing RealtyTrac's Colorado statistics, saying the company's counting methods in the state skewed the numbers. A yearend RealtyTrac report said foreclosures in Colorado grew 85 percent during 2006, but an examination of public trustee records by the state Division of Housing showed a 31 percent increase during the year. State officials say that because records are so much easier to obtain in Colorado, the only state where public trustees in each county handle the foreclosure process, RealtyTrac often counts the same home loan as many as three times.
Assuming these guys used the same formula for May as they did in June, an increase of 19% is significant, isnt it?
They arleady stated that the percentage increases were in fact, still valid. Yes thats significant. Thats huge. I laughed the other day when I saw a tiny little 1 bd/ 1 bath home for sale in san diego for 430K When I saw another house, 1 block away for 460K which had 3 bedrooms and 2 baths in beautiful condition!! Down the road they are building 2 bedroom condo's so tightly packed together you will feel like a sardine and are advertising in the low 400's, they are dreaming. You can buy a nice home in the same neighborhood at that price. When you see wild discrepancies like this during a down trend, you know things are bad.