DeKalb Real Estate Losses Total $1B

DeKalb County homes and real estate have lost $1,000,000,000 in value (yes...that's a lot of zeros) since April 2009.  A Thursday meeting of county assessors revealed the taxable value of land and buildings in unincorporated DeKalb currently stands at $16.7 billion.  That number represents a 5% decline since the last report released just a month ago.

The reason for such dramatic changes?  The AJC reports the falling values are the result of consideration given to the impact of foreclosures on the current real estate market.

Leave a Comment

Real Source Blog

Real Source Brokers.com - Intown Atlanta Real Estate Blog

Joshua and his team of professionals specialize in helping buyers and sellers in the Intown Atlanta Real Estate market.  This is Joshua's blog.

¦YouTube¦Facebook¦Twitter¦Flickr¦

Blog Navigation

• All Categories
• Atlanta Real Estate Investing
• Atlanta Investment Property
• Atlanta Foreclosures
• RealSourceBrokers.com
• Atlanta Mortgage
• Atlanta Home
• Atlanta Neighborhoods
• Oakhurst Real Estate
• Atlanta Real Estate
• Atlanta Schools

Blogroll

• Atlanta MLS
• Atlanta Real Estate
• Atlanta Neighborhoods

Archives

• February 2010
• January 2010
• December 2009
• November 2009
• October 2009
• August 2009
• July 2009
• June 2009
• May 2009
• April 2009
• March 2009
• February 2009
• January 2009
• December 2008
• November 2008
• October 2008
• September 2008
• August 2008
• July 2008
• June 2008
• May 2008
• March 2008
• February 2008
• January 2008
• December 2007
• June 2007
• May 2007
• April 2007
• March 2007
• February 2007
• January 2007
• December 2006
• July 2006
• June 2006