Georgia Real Estate: Hard Hit By The Recession

The current housing forecast for the state of Georgia looks less than sunny. Evidence of this can be seen in images of Atlanta developments vacated mid-completion, historic Savannah properties in foreclosure, and in Augusta, military families being displaced because of delinquent mortgages. Severe job losses and a struggling economy have eroded housing prices in this once booming southern market, with Atlanta faring worst, as its residential deflation is projected to exceed 14% for 2009...

NuWire Investor: Georgia Real Estate: Hard Hit By The Recession