OK, first a warning: don’t expect that we’ll continue to see such healthy numbers for home prices through the winter months.
Case-Shiller: More good news, even for Atlanta
Tag: Housing
A clear turn in housing as economic conditions improve
In my City Talk column last Sunday, I wrote about the declining inventory in the Savannah metro area housing market. We’re still a long way from where we need to be, but the twin trends of fewer new listings and increased sales have steadily whittled the inventory lower and lower, which has helped put a floor under prices.
Housing market slowly improving
Case-Shiller: Home prices up in May, but still down compared to last year
“With May’s data, we found that home prices fell annually by 1.0% for the 10-City Composite and by 0.7% for the 20-City Composite versus May 2011.”
Savannah Extreme Makeover home for sale fits a pattern
I just couldn’t quite grasp the extreme charity — the thousands of donated hours and tens of thousands of dollars worth of donated products. There’s so much need in this city, and so many people struggling with developmental disabilities; why do so much for so few? Was it just the allure of the TV show?
NYT finally realizes housing recovery is underway
Often using ideas and data aggregated by Calculated Risk, I’ve been writing about the bottom for housing since back in February.
More good news for housing: Case-Shiller up in April
We are a long way from a “normal” housing market, whatever that will look like post-recovery, but the widespread price stabilization is good news for a variety of reasons.
Homeownership in Europe: strongest economies have lowest rates
The evidence is pretty clear that modern, industrialized countries do not need high homeownership rates to have vigorous economies.
Georgia has worst foreclosure rate in the country in May
“Georgia foreclosure activity in May increased 33 percent from the previous month and 30 percent from a year ago, helping the state post the nation’s highest foreclosure rate for the month — one in every 300 housing units with a foreclosure filing.”
The ongoing drag of housing on the U.S. economy
In his latest Savannah Morning News column, Nicholas Mangee gives a great overview of the continued drag of housing on the economy.
U.S. housing woes: Canadians to the rescue?
“International buyers accounted for $82.5 billion, or 8.9%, of the $928 billion spent on residential real estate in the 12-month period that ended in March, according a survey released Monday by the National Association of Realtors. That was up 24% from $66.4 billion in the previous-year period.”
What’s next for Savannah home prices?
Many of you have already seen my post about Zillow’s county-by-county graphic showing the percentage of underwater mortgages around the country. Here in Chatham County, 37% of home mortgages are underwater.
New data shows homes underwater, county by county
In Chatham County (Savannah), 37% of mortgages are underwater. Most counties in metro Atlanta top 50%.
Home builders adjust as buyers reject sprawling suburbs
In the days of increased gas prices, long commutes on increasingly congested roads, more single person households, a new emphasis on sustainability, and a growing desire to live in places that are walkable and bikeable, homebuyers and renters are making different choices than they were a decade ago.