With the news from TV and Washington all over the place, what's really happening in our local Atlanta market? The following is strickly "my opinion" and not a scientific study by any means: TV says homes are selling again! Well, yes.......and no. I am having a very nice increase in homes sales which should be good news. BUT....I am only selling foreclosed homes where the value is obvious, which does not help the average homeowner at all. In fact it hurts the average homeowner becaue it shows how much value is being lost. I'm talking about homes that sold for 160-170k when built just a few years ago and I'm selling these for high 60's now!! I also just sold a home, a builders model, never lived in, that was supposed to bring 368k. It sold for 215k. So, do not feel so good about the increase in home sales. This is not good for anyone except those who are buying at these prices!