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Professional Associations | Regulatory Agencies | ||||
| » Georgia Association of Realtors | » Georgia Real Estate Commission | |||||
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State Associations and Agencies
Stay informed directly by the source. On both the national and state levels, our Associations & Agencies section is the place to find the latest news and information impacting the housing industry. Press Releases and Notifications are posted as they are released by industry associations and regulatory agencies.
Check back often. This comprehensive directory of Professional Associations and Regulatory Agencies is state specific and will provide the information you need. For direct access to these organizations just click any of the links above.
The National Associations page covers Professional Associations and Regulatory Agencies links in addition to the latest press coverage from respected sources including NCSHA, MBA, NAR, NAMB, Fannie Mae, FHA and many more.
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| Atlanta, GA housing market affected by area unemployment |
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MetroStudy Report - (Atlanta, GA– August 9, 2011) The Atlanta housing market is showing effects of local job losses, according to a recent report by Metrostudy, a national housing data and consulting firm that maintains the most extensive primary database on residential construction in the US housing market. The Atlanta employment statistics through June 2011 show that the Atlanta region has experienced negative net jobs through 2Q 2011. The Georgia Department of Labor figures show that net jobs in Atlanta through June of 2011 decreased by 24,300 positions, more than any other MSA in the country. Atlanta has lost 192,200 jobs since June 2008. In June Atlanta’s unemployment rate ticked up to 10.5% while the National rate increased to 9.2% in June. During 2Q11, Atlanta started 1,468 single family detached and townhomes, a 7.8% decrease from 2Q10. Also, 1,925 homes were closed, a 33.9% decrease from 2Q10 when the homebuyer tax credit boosted housing activity. “Although housing inventory is down 27% from one year ago the decline in demand has pushed the months supply to 11.9. Historically Atlanta had about a 9 months supply during normal market conditions” said Eugene James, director of Metrostudy’s Atlanta Region. Overall, for the 12-month period ending in June, Atlanta housing starts were down 6.1% and home sales were down 35.2%. However, a recovery is slowly starting to take place, particularly in North Atlanta where detached single family annual starts actually increased by 5%. In addition, both starts and closings increased from the prior quarter throughout Atlanta. “The housing market is not expected to recover substantially until employment improves dramatically which should lift consumer confidence,” said James. About Metrostudy Metrostudy is the leading provider of primary and secondary market information to the housing industry and related industries nationwide. In addition to providing its own primary housing data for approximately 70% of the United States housing market, the company is recognized for its consulting expertise regarding real estate development, marketing and economic issues, and is a key source of research studies evaluating the marketability of residential and commercial real estate projects. Services are offered through an extensive network of offices located in major metropolitan areas throughout the U.S. For more information, visit www.metrostudy.com. Contact: eugene james 404.370.9001 x 111 This e-mail address is being protected from spambots. You need JavaScript enabled to view it |
