Monday, January 5, 2009

Add It Up: Bubble burst

Posted By on Mon, Jan 5, 2009 at 9:59 PM

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Average percent decrease in the price of an existing single-family home in metro Atlanta from late 2007 to late 2008: 10.5

Years since Atlanta saw a double-digit decrease in home prices: 17

Of 20 metro areas, rank of Atlanta among those with the most severely decreasing home prices: 12

Percentage that home prices dipped in Phoenix, the hardest hit city: 32.7

Decrease in Dallas, the city to fare best: 3

Percentage increase in Atlanta home prices from June to July — the last month home prices rose: 0.4

Average percent decrease in home prices in Druid Hills from the fall of 2007 to fall of 2008: 20

Average percent increase in home prices in Cabbagetown from the fall of 2007 to fall of 2008: 14

Average percent increase in Benteen Park, over the same time period: 57

(Photo courtesy Wikimedia Commons)

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