The impact of distressed homes on the greater Atlanta housing market is a significant one. They are present in force and their impact influences every aspect of the Atlanta real estate market, they are expected to be around for the foreseeable future.
The charts below illustrate just how significant an impact distressed homes have on Atlanta real estate market conditions. While Atlanta is too large an area to be considered as one, the charts below (courtesy of Chartmasters) illustrate that while some areas are climbing out of the mud, others remain deeply mired.
A few key points:
- Statistics show that the Atlanta real estate market bottomed out in January 2010.