Real Esate Blog

Here are some interesting fact and figures for you:

1) Georgia ranks 8th out of the 50 states in foreclosures.

2) Foreclosures increased 14% in the 2nd quarter from the 1st quarter.

3) Foreclosures in 2008 compared to 2007 are up 112%

4) 2007 had the fifth highest home sales on record.

5) 60% of a homeowners wealth comes from equity in his home.

6) A homeowner has wealth 46 times that of a renter.

7) The average age of first time home buyer is 34 and his median income is $58,600.

These national averages are a lot like political polls, not necessarily true for a given area. So take them with a grain of salt.