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Posts Tagged ‘what caused Atlanta’s housing crash s’

Atlanta’s Housing Market: CRASH

Posted by Larry Doyle on May 30th, 2012 7:41 AM |

As I pondered what to write this morning, I thought about addressing the 15% pullback in the price of gold over the last three months. What was happening to this supposedly safe haven? Despite this pullback, gold is still up 135% over the last 5 years. Time to look for a more interesting topic.

Let’s turn our gaze to the southeast and address what can only be described as the CRASH of the Atlanta housing market.

While nationwide home prices were down 1.9% over the last 12 months, our home owning friends in Atlanta experienced close to an 18% cliff dive in home values during the same time period. (more…)

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