A couple of years ago I was writing about the Case-Shiller Index and the Atlanta market.
I still am not a huge fan of the index as an "end-all" summation of all things related to real estate value, but it is always fun to look over data like this and see what in might glean.
There is no doubt that we were in a bloodbath a couple of years ago. Values were dropping like a rock and there was no end in sight.
Hopefully, we've seen the end. Values appear to have stabilized... but I am of the opinion that jobs are the key. And until the job market recovers, I don't think we will see a spring-back in housing. I DO think that we might have found a support level... but unemployment seems to be fairly consistent (crappy, but not getting worse).
Related articles
- Wayback Wednesday... Median Price Comparison... Ouch! (lanebailey.com)
- Wayback Wednesday... Recovery? (lanebailey.com)
- Wayback Wednesday... A DNS (lanebailey.com)
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