Real Estate Has Turned A Corner! Have We Finally Passed “Rock Bottom”?
March 8th, 2011 categories: Deborah's Scrapbook, Month to Month, Real Estate Forum
I thought it might be just our North Atlanta Home Team, as our business has been very active for the first two months of the year. Clearly there are some indicators out there that show the Real Estate Market in the North Atlanta, Alpharetta, Milton Georgia area, may truly be turning the corner.
The Mortgage Bankers Association has reported that the amount of mortgage holders who were behind on their monthly payment dropped to the lowest level in two years during the end of 2010. Home Loans considered three or more months past due have drastically come down from the all time high of over 5% at the beginning of 2010, to just over 3.5% at the end of 2010.
Even though I didn’t major in Economics, the above shows me that more people are able to make their payments on time, and therefore, an improvement in the economy. It also dictates a future drop in foreclosures, which coupled with short sales, has been one of the biggest issues facing the North Atlanta GA Real Estate Market.
If we start to see those numbers subside in the next few months, then we are truly on our way up!
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