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Old 05-14-2009, 04:28 AM
 
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The value of homes in my area have devalued about ten percent from last year. Hopefully it will not decrease any more.
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Old 05-29-2009, 11:36 AM
 
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Quote:
Originally Posted by mmenomen View Post
I am curious, what general area do you live in? Don't have to be precise about the neighborhood.
I don't mind being specific, if it's helpful to someone.

I live in Collier Hills, a neighborhood that runs off both sides of Collier Road between Northside Drive and Peachtree.

We usually have about one or two houses for sale at any given time, traditionally. That had risen to four or five, but two just went under contract and the one next to me closed two weeks ago. So actually, at this moment, the market seems to have fully adjusted.

I don't have the prices on any of the recent sales, though. The five to ten percent reduction is an educated guess. Two bed two bath houses that used to go for about $500K now seem to be in the $450-480K range.
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Old 05-30-2009, 07:09 AM
 
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Just think, though: AT LEAST YOU DON'T LIVE IN LOS ANGELES/OC AREA!!!

At the peak, homes were "valued" at ~550K by many estimates. The average there is now 250K-270K. You wanna talk about crying your eyes out over home value loss! However, even they're now starting to see overall positive equity again. We finally got rid of those speculators.

Atlanta didn't really get caught up in too much speculation like some areas, just supply glut and flipping scams. Then, when they turned off that credit stream, a whole world of hurt came. However, it is now the BUYER's turn to get a deal as the Fed thaws out credit.
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