The Atlanta Closing Attorney's Perspective

From the Atlanta Business Chronicle:Atlanta's biggest condo projects aren't immune to the rash of foreclosures that has swept through the city's residential real estate market. Several prominent condo towers from downtown to Buckhead have been affected, including Novare Group Inc.'s TWELVE Atlant...

From CNN:Home prices have posted another record decline, as most of the nation's largest markets suffered double-digit drops over last year, a survey released Tuesday shows.The S&P Case/Shiller Home Price Index, which tracks 20 of the largest housing markets, showed prices plummeting by 12.7% in ...

Georgia has sixth-highest foreclosure rates in the first quarter of 2008, and Atlanta ranks 16th amonst cities with the most number of foreclsures.From Forbes:The number of foreclosures filed by US homeowners increased sharply for the seventh consecutive quarter, according to a private sector rep...

From Commercial Property News:Atlanta is on the rise, and now is the time for the commercial real estate industry to jump on the opportunities that are coming with the city's growth, according to real estate experts at CPN's annual Atlanta Property Opportunities Conference. Over 150 market execut...

From the National Association of Realtors:Existing-home sales - including single-family, townhomes, condominiums and co-ops - were down 2.0 percent to a seasonally adjusted annual rate (1) of 4.93 million units in March from a level of 5.03 million in February, and remain 19.3 percent below the 6...

From the AJC:A record number of metro Atlanta properties are scheduled to be auctioned on the courthouse steps next month, according to numbers released Tuesday by Equity Depot, an Alpharetta company that tallies foreclosures.The data is further evidence that metro Atlanta is mired in a real esta...

From CNNInitial construction of U.S. homes fell to a 17-year low in March, a muchsteeper-than-expected drop, according to a government report released Wednesday.Privately owned housing starts fell to a seasonally adjusted 947,000annual rate in March, according to the Commerce Department. The rate...