Tagged : atlanta real estate market

From David Leonhardt at the NY Times Economix: Seattle’s Foreseeable Housing Bust. This is a follow-up to David Streitfeld article: Housing Crash Is Hitting Cities Thought to Be Stable

Leonhardt writes:

When we last listed the price-to-rent ratios in major metropolitan areas, Seattle’s was near the top of the list. Only in the Bay Area of Northern California and in Honolulu were house prices higher, relative to rents.

A sky-high price-to-rent ratio is perhaps the single best sign that an area is in a housing bubble. Real-estate agents, homeowners and even home buyers can tell a lot of stories to justify the bubble — stories about central cities or good school districts being immune to bubbles — but eventually people will realize that renting is a…

An optimist stays up until midnight to see the new year in. A pessimist stays up to make sure the old year leaves

 

Now that Christmas (and 2009) is behind us, it's time to look at "the year that was" for Intown Atlanta real estate.   The vast Intown market requires we chunk this data down to more granular levels.  It's only there, in the market-by-market comparisons, that information like this is of value. 

But to keep things simple and to lay our foundation it makes sense to take a macro view of the entire market.  From there, we can break out individual neighborhood markets in subsequent posts.

What are we looking at? 

Today, we'll look at the how 2009 compared to 2008 for the overall Intown Atlanta marketplace - that's 34 zip codes. 

We'll…

When the number of factors coming into play in a phenomenological complex is too large scientific method in most cases fails. One need only think of the weather, in which case the prediction even for a few days ahead is impossible.
- Albert Einstein

Predictions, Predictions, Predictions.  Isn't that what got us into this mess in the first place?