I find myself a bit more upbeat about the prospects for Georgia’s economy in 2013 than some of the forecasts released so far. My main reason for that cautious optimism is the solid rebound in housing.
Over the last year here in Savannah, we’ve seen more home sales, significantly lower inventories, more building permits, and — according to Zillow’s latest home price index for various metro areas – stabilizing prices.
According to that same Zillow index, metro Atlanta home prices are still down 1.4 percent year-over-year, but up 1.6 recent for the most recent quarter compared to the previous one. (Atlanta prices cratered early in 2012.)
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