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Atlanta home prices continue to fall Atlanta, GA

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Atlanta home prices continue to fall

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Although there have been small signs of recovery in the job market and economy as a whole, recently released data indicates that it will probably be some time before the housing market recovers. In fact, the market has worsened, with home prices continuing a three-month decline in November, the most recent month for which data is available.

According to the Standard & Poor’s/Case-Shiller index, home prices fell from October to November in 19 of the 20 major cities tracked. Prices also fell from November 2010 to November 2011 in 18 of the 20 cities. Analysts believe that the decline is due to a constant stream of homes in foreclosure combined with high unemployment and tight lending requirements.

Atlanta was one of the cities in which housing prices have continued to drop. Actually, in November, Atlanta-area home prices actually fell to their lowest point since the housing crisis began. Nationwide, home prices have dropped more than 30 percent since the housing market crash.

One of the reasons for the decline in home prices is the high number of homes for sale. Currently, there is about a seven-month supply of homes on the market. A healthy supply is about six months, analysts say.

According to economist Paul Dales, homeowners should not expect their homes to increase in value much in 2012. In fact, he said, home prices may not rise consistently for two or three more years.

However, there are a few hopeful signs. Sales of previously occupied homes have risen in the last three months, and home construction reportedly increased in the final quarter of 2011. It remains to be seen whether those growths will continue in the new year.

Source: Atlanta Journal-Constitution, “Home prices dropped in November in most U.S. cities,” Derek Kravitz, Jan. 31, 2012

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They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

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Mr. Gingold was recommended by an attorney I had worked with previously. I met with Ira Gingold to discuss credit issues. He went over each specific issue thoroughly. He advised me of the potential outcomes. He did all this in one meeting for a very reasonable price. When we finished I was confident in moving forward with a resolution. He definitely wants to help people take the appropriate course of action for their circumstance.

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Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

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I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

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Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

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I cannot say enough about this law firm. From the initial consultation to our discharge, the entire office kept me updated with every step of the entire process. I came to the Gingold after a bad experience with another law firm. Ira and Jamie immediately began treating me like family through this experience. In the end, they assisted with eliminating many debts including my 2nd mortgage. I cannot say enough about the experience and knowledge that Ira brought to the table from the office visits to the court time. Thank you very much for helping me through this tough time. Thank you.

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