Athens Georgia - More Good News on the Local Economy!
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More good news: Although Georgia as a state is still designated as "At Risk", USA Today reports Athens, Georgia as an "expansion area"! The Office of Federal Housing Enterprise Oversight reports a 2.6% gain for home values in Georgia in 2007. USA Today also reminds us that "Businesses and consumers not in areas most affected by the housing boom and bust are not escaping the effects of the housing slump entirely...", mostly due to tightening in the availability of mortgage money due to high forelcosure and secondary lender closures. Don't take the gloom and doom reports to heart, there are still great mortgage programs available for qualified buyers! And now is a great time to sell or buy real estate in Athens, Georgia.
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Posted by Michelle DeRepentigny at 3/10/2008 2:18 AM 
Categories: Money Matters, Athens Clarke County Information
Categories: Money Matters, Athens Clarke County Information
your conclusions... Augusta in a recession? Fact is that Augusta-Richmond County GA-SC is in the top 10% nationally in the most recent OFHEO ratings, guidelines for FreddieMac... Augusta 26th, Athens 73rd Q-4 '07. I'd be interested in your data sourse(s)
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My sources for this post are stated, the map is from USA Today and the statistics are gathered from moodyseconomics.com - you can click on the USA today link in th post to see what they considered for the rankings.
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Thanks much... appreciate the background.
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No problem, as we discussed, I think the economy is so twisted that we can find a view point to take either side and I am taking the cautiously optimistic approach to Athens!
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