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.
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.
posted by Jmac at 8:54 AM
0 Comments:
Post a Comment
<< Home