Atlanta's real estate recovery 'puzzling' says chief economist
Lawrence Yun of the National Association of Realtors addressed housing issues at the Southeast's largest real estate showcase at the Cobb Galleria.
Lawrence Yun, chief economist for the National Association of Realtors, shared mixed reviews for Atlanta’s real estate market during his keynote address at the 11th Annual Showcase. Yun addressed several hundred Realtors at the Southeast’s largest real estate trade show, Thursday, at the Cobb Galleria Centre. Compared to other markets, Atlanta hasn’t seen recovery yet, Yun said. “This is puzzling,” he said. “It is the Southern states that always zoom, I mean really advance much faster than the rest of the country when recovering from a recession. Not this time.” Yun related this to stagnant new home sales. He explained that homebuilders are reluctant to build because they can’t compete with the deep discounts being offered on foreclosed …
In this Article:
caseyharris56
4:56 am on Saturday, August 27, 2011
Mortgage rates are historically low you can easily refinance these days your mortgage to 3%. It is the best way to save money. Search online for "123 Refinance" they did 3.54% refinance and free analysis of my current mortgage. Learn the refi secrets there. more ›