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

Georgia Says

The Augusta Chronicle, Augusta, Georgia, on the passing of former Gov. Carl Sanders: We wouldn't have the Georgia we know today if it weren' ... Read More


Support for UWG-Newnan

Local residents’ support of the University of West Georgia Newnan campus, currently under construction at the old hospital on Jackson ... Read More


Why the secret vote?

During a recent regular meeting, the Coweta County Board of Commissioners voted to go into executive session. For those unfamiliar with the ... Read More


Rants, Raves & Really?!?

A look back at last week’s highs, lows and whatevers: REALLY?!? The city of Newnan and Coweta County are joining with VestNewnan to ap ... Read More


Georgia Says

Morning News, Savannah, Georgia, on immigration reform: President Obama must be tone deaf. His threat to go it alone on comprehensive immig ... Read More

Seeing the light

If you’re paying attention, you’d never know that only a couple of years ago this area was in the midst of one of the worst econ ... Read More