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Recovery stalls for Atlanta housing market Atlanta, GA

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Recovery stalls for Atlanta housing market

driveway of a detached house

When the economic recession hit in 2008, home prices in the Atlanta metro area bottomed out, causing thousands of area homeowners to be saddled with underwater mortgages and forcing many into default or foreclosure. And while the housing markets of many other cities and metro areas have significantly improved in the years since the recession, that has not been the case in Atlanta, where home prices have remained low and mortgages have remained underwater.

This year, however, it appeared that the situation was turning around, with the Atlanta housing market posting slow but steady gains throughout 2012. Unfortunately, that forward progress seems to have stalled, with home prices dipping once again in October. Hopefully, this is only a temporary setback for Atlanta and all of its struggling homeowners.

According to a new report released this week by the Case-Shiller Home Price Index, Atlanta home prices dipped by about 0.4 percent in October, the most recent month for which information was available. Atlanta was one of just a few cities which saw a housing market decline during that month, and it remains one of only two metro areas with average home prices below the January 2000 levels. Las Vegas, which has been side-by-side with Atlanta on “most-battered” lists, shed that dubious honor in October.

Certainly, the home price drop is not a significant one, and it does not appear to indicate major trouble for the recovering Atlanta housing market. But after steady price gains throughout the year, it is disheartening to receive negative news like this. Hopefully, October was just a fluke and recovery continues in Atlanta in the coming months.

Source: Atlanta Journal-Constitution, “Atlanta home prices decline in October in discouraging sign for local market,” Greg Bluestein, Dec. 26, 2012

At our Fulton County law firm, we help people who are unable to make their mortgage payments and who are at risk of losing their homes as a result. To learn more, please see our foreclosure page.

Posted on behalf of Gingold & Gingold

1718 Peachtree St NW, #385
Atlanta, GA 30309

Phone: (404) 685-8800

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Jack L.

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!

All C.

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.

Lyla B.

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.

Julie T.

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.

Sherard W.

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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