Small rays of sunshine in our housing market

All of us are looking for positive signs the economic recession that began in 2007 is behind us and a more robust economy is ahead.
Here in Coweta County and throughout the Metro Atlanta, most people look to housing as the key to economic recovery. The Atlanta Regional Commission has a new Regional Snapshot that examines housing in the 20-county Metro Atlanta region -- including Coweta County.
The ARC report says housing market performance remains muted, but there are positive signs, including rising home prices and declining foreclosure filings. ARC says foreclosure filings have been declining in all 20 metro counties since 2010.
Regarding the sales prices of homes in the region, ARC says sales prices are still lower this year than in 2010 in every county. However, several counties have experienced an increase in sales prices from 2011. The report says this is another sign of a thawing of a frigid house market.
Thus far in 2012, Forsyth County has the highest median sales prices at approximately $250,000. Fayette County has the second-highest median sales price thus far in 2012, $215,200, followed by Fulton ($189,000) Coweta and Cherokee ($176,000), and Cobb ($169,000). All of those prices are lower than pre-recession, but these counties are seeing the highest increase this year among the 20 metro counties.

Obviously, we have a ways to go before we have a robust economy with lower unemployment and a much improved housing market. These housing signs are small glimmers of hope.



More Opinion

You are never too old to learn

Next week we expect the majority of parents will be high-fiving each other. The reason? Schools across Coweta County will be back in session ... Read More


Rants, Raves & Really?!?

A look back at last week’s highs, lows and whatevers: RANT: On the passing of a member of our law enforcement family: Our thoughts and ... Read More


Georgia Says

The Augusta Chronicle, Augusta, Georgia, on proposed Internet rules: Large corporations can't always be trusted to do the right thing. But n ... Read More


A note from the publisher

A lot has occurred at The Newnan Times-Herald over the last few months, and I believe it’s an appropriate time to let you know what we ... Read More


Rants, Raves & Really?!?

A look back at last week’s highs, lows and whatevers: REALLY?!?: Grantville has a new police chief, the third one in about as many yea ... Read More

Georgia Says

The Augusta (Georgia) Chronicle on the Affordable Care Act: A private foundation issued a report claiming 20 million Americans "gained cover ... Read More