Tuesday, May 24, 2011

Atlanta Makes Top 10 for Most Searched Markets & Most Foreclosures!

Inman News and Realtor.com have released the top 10 most searched real estate markets and Atlanta is one of them! Perhaps buyers are looking to take advantage of the great deals that are out there. Those looking to sell won't be thrilled to hear that Atlanta, after Detroit, has experienced the largest decline in prices when comparing year-over-year, with an average decline of 13.6% (Detroit's year-to-year decline was 18.2%).  The complete list is as follows:

1. Chicago
2. Detroit
3. Las Vegas
4. Phoenix-Mesa
5. Los Angeles - Long Beach
6. Tampa - Saint Petersburg - Clearwater
7. Philadelphia
8. Atlanta
9. Dallas
10. Orlando

Sadly, in regards to foreclosure rates, Atlanta takes third place for foreclosure filings amongst the list. Nationwide, 1 in 191 housing units received a foreclosure filing last quarter; whereas, 1 in 78 received a foreclosure filing in Atlanta (1st was Las Vegas with 1 in 31 units and 2nd was Phoenix-Mesa with 1 in 48).

With low prices and low interest rates, now is definitely the time to buy!! If you know of anyone who is looking to purchase in McDonough, Locust Grove, Stockbridge, Hampton, Fayetteville, Peachtree City, Tyrone, Senoia, Newnan, Conyers, Jackson, etc, please let us know -- we would love to help them with their real estate needs!!

For the complete article, visit: http://lowes.inman.com/newsletter/2011/05/24/news/143465

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