Distressed Sales Continue to Hammer Atlanta Values

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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.

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Bank of America Stock (BAC) Price, Quote, History, Today, Target

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You can find Bank of America stock price analysis here, providing you the insights in possible scenarios about future price movement and price target. Loading…

Goldman Sachs Stock (GS) Quote, Price, Today, Chart, Target, Now
You can find Goldman Sachs stock price analysis on this site, providing you the insights in possible future stock price movements and related information.

JP Morgan Stock (JPM) Quote, Chart, Price, History, Today, Target
Check the latest technical analysis of JP Morgan stock nad read latest news to get an idea of possible future price movement of this financial stock.

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The Economics of a Ransom

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In The AtlanticMegan McArdle traces the economics of ransom negotiation:

Economists would describe hostage negotiation as a bilateral monopoly price negotiation that is structurally just a special case of chicken. That is, unlike a barrel of oil or a freight car full of soybeans which can trade on an extremely liquid market with innumerable buyers and sellers, a hostage has exactly one seller (the kidnappers) and exactly one buyer (the employer and/or family of the hostage). When there is only one buyer, the opportunity cost for ransoming the hostage is zero. L

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BRIEF-Southern California Edison and update on the San Onofre nuclear generating station

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* Southern California Edison and California independent system operator

corporation clarify planning dates and process regarding the San Onofre

Nuclear Generating Station

* Southern California Edison-it,california iso seek to clarify media statements

on restart of san onofre nuke station

* Sce-says units at nuclear station will only be returned to service when sce

and the nrc are satisfied it is safe to do so

* Sce says has not filed a request with the nrc seeking to restart the plant

* Sce-June dates for restart of units 2 and 3 were provided by sce to the iso

as a purely administrative matter in March of 2012

* Sce – both units of the plant are currently safely shut down for inspections,

analysis and tests

((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S.

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Mortgage Debt Relief Act

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Debt forgiven as a result of a short sale, provided it is qualified mortgage debt, qualifies for the excluision.

Qualified mortgage debt is debt used to buy, build or substantially improve your principal residence, or to refinance debt incurred for those purposes. In addition, the debt must be secured by the home. This is known as qualified principal residence indebtedness.

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Uncertainy About Greece Brings Markets Down (S, F)

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Markets were down today on the results of the Greek elections, as a new coalition government has yet to form. In more positive news, job openings in March were at their highest since July 2008. Sprint CEO Dan Hesse had to take a $3.25 million paycut as an expensive deal he made with Apple to get the iPhone on their network continues to be controversial among investors. Ford is going to be increasing production time in 13 North American factories in order to produce an additional 40,000 vehicles in 2012. Read more…