Investment

As we near the midpoint of 2010, foreclosures continue to serve as a major drag on residential real estate in Georgia, keeping the market from breaking out of the doldrums.
These doldrums were reflected in the most recent home price report from the National Association of Realtors, which showed that the median sale price for existing single-family homes in Atlanta dropped 10 percent between January 2009 and 2010—from $116,300 to $105,100. This was the biggest drop among the 20 major metropolitan areas surveyed by NAR.