I came across an article today written by Brian Patton that is proof that Georgia housing may be undeserving of gloom. 

Contrary to the reports on the housing market at a national level, Georgia is doing quite well, here's why:

  • According to the Federal House Price Index Report, Georgia posted 3.54 percent appreciation in housing prices in the last year.
  • Cumulative appreciation for Georgia is 25.55 percent over the last 5 years.
  • The Atlanta region has seen an increase of 2.61 percent over the last year and a 20.18 percent appreciation over the last 5 years.
  • Georgia ranked 10th in job growth nationwide with 67 percent of growth concentrated in the Atlanta region, this growth fuels continued housing appreciation.  The Atlanta region added 890,000 people from 2000-2006, more than any other metro area in the country.

Don't let the news of the housing market scare you, keep in mind that real estate is local and so is your market!