Driving around PTC, the number of homes for sale is increasing. I don't ever recall so many For Sale signs as we have now. Nor them staying up as long as they have.

That includes several off McDuff, next door to homes being built. That ain't good!

Going through my Atlanta and other route, I see more and more for lease and for sale signs on businesses. Everywhere.

Yep. Some areas sell like hot cakes. The 1,400 footers, where I live, rarely last more then 2 weeks. and they are selling for around $185,000, average, right now.

But we have a rather unique little community.

Overall, the economy is down and I believe I see bad indicators popping up all over the Atlanta area.

Those that still have those well paying jobs better hang on to them. Loose'em and the odds are against you getting another one. With excecptions, of course.

My 2 cents, here, and not really going to argue it, since it is a subjective subject unless a ton of data gets posted.

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Keeping it real and to the core of the issue, not the peripherals.

The stats for all counties was printed in the ajc about a month ago. Most of Fayettenam did ok, but home sales in 30269 lost or went down 14.6%.
Maybe Cal could access the article or info without one of us having to pay $2.85 for the archive article.
The loss has to be largely because of all of the creative financing that has been going on for years here. Jumbo loans and 2nd mortgages are not your friends. Live within your means.

Very strong, especially with any proximity to the golf courses or lakes involved.

I do not work in the housing market in any capacity. But I have to agree with 30YearResident. Location, condition and price play a major role, of course. But, I had a property appraiser tell me one time that only two people could decide what a property is actually worth; the seller, and the buyer. I have tried to help my oldest daughter look for a moderately priced in Peachtree City recently. Haven't yet found the right house for the right price. We looked at one very small house on Double Trace (about 1300 sq ft) back in Feb or Mar of this year. It was clean with a decent yard. The owner was asking $139,000 for this little house. I found a website that shows details on recent property sales. Other houses the same size, on the same street, have recently sold for $91,000 to $99,000. I stopped by the house last week. It is still for sale and the price hasn't come down a dime. I don't think this house will ever sell for that price. I sure hope he sells it soon to someone. I don't want to see it rented. It's very close to where our house is and there is too much rental property in this neighborhood already. My thoughts on this subject.

We would have...less forclosures...if.. our government were not helping the ..developers...flood the market. We are having forclosures for several reasons, one is creative financing,...and more houses on the market than are needed. People who have lived here, and paid taxes on their property deserve more consideration than developers. If we would only let developers build more when the glut of houses was down to a certain percent, this wouldn't be so bad. But look who is getting better treatment...the people who have paid taxes for years, trying to sell their houses, or the developers...flooding the market?

I know of a home that recently sold in less than a week of going on the market and they had another contract as a backup.
Location, Location, Location.... not to mention, Condition, Condition, Condition, and Price, Price, Price.