Thursday, December 18, 2008

Not so good

Yep, the economy stinks. A little less than half of Georgia's banks were unprofitable in the third quarter, and home prices continue to fall.

A report from The National Association of Realtors I got yesterday noted that, in the South, the median home price has fallen from $225,600 in 2007 to $207,600 in September 2008 (and it had fallen $14,000 from July 2008). It's a buyer's market, but it's also meaning lots of folks are sitting on properties and losing money during the sale.


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