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Today, in our ongoing series about local real estate markets, weÃ¢â‚¬â„¢ll take a look at home sales and trends in the Georgia real estate market.
The Atlanta Journal-Constitution reports on the metro Atlanta market:
Home prices in metro Atlanta continue to push higher, mainly because fewer homes are being listed for sale, according to a monthly Re/Max National Housing Report. The median price for homes sold in metro Atlanta in March was $150,500, which was up 11 percent from February and 42 percent from March a year ago, Re/Max said. The real estate company surveyed 52 metro areas using Multiple Listing Service data.
Over at the Saporta Report, Luis Imery writes about the greening of Atlanta real estate:
However, there are other figures pointing to a much more significant trend transforming building practices here in Atlanta and across the entire residential industry. According to McGraw-Hill Construction, the green share of new single-family residential homes increased from 2 percent in 2005 to 17 percent in 2011, and will grow to as much as 38 percent of new homes by 2016. Builders themselves are even more bullish on green homes. Half say they expect to employ green building techniques on more than 60 percent of their projects by 2016, and a third expect to build green on more than 90 percent of projects.
WMGT reports on home sales in Macon, in Central Georgia:
Home prices in Middle Georgia are increasing according to a news release from Core Logic, a property information and analytics firm. The data shows that home prices in Macon rose by 11 point one percent in February of this year, compared to this time last year.
West Georgia home prices are also up:
The Carroll County housing industry has shown dramatic improvement during the past year, with the average home sales price increasing more than $30,000, according to a University of West Georgia economic report due to be released Monday.
Ã¢â‚¬Å“The average home prices have been trending upward in Carroll County for several months,Ã¢â‚¬Â said Dr. Joey Smith, director of the UWG Center for Business and Economic Research, and author of the report. Ã¢â‚¬Å“WeÃ¢â‚¬â„¢ve gone from a low of $63,794 in February 2012 to $97,676 this February.Ã¢â‚¬Â
Read more: Times-Georgian – UWG report Housing market getting better, the Times-Georgian says:
And GPB News says the state’s not entirely out of the woods yet:
More than forty percent of Georgia homeowners with mortgages owe more money than their houses are worth, according to new data. But at the same time, real estate companies are beginning to buy up properties in Georgia as investments. The data from Zillow.com shows that in some Georgia counties, as many as 80 percent of homeowners are underwater. ThatÃ¢â‚¬â„¢s the term for the phenomenon. The problem, prevalent in Atlanta, Savannah and Macon, affects not only homeowners looking to sell but also those who want to refinance.