Friday, November 16, 2007


Foreclosures in Gwinnett County

There will be approximately 9,000 foreclosures in Gwinnett county this year. October was a peak month according to the Gwinnett Daily Post, with over a thousand. Foreclosures will not decline until the majority of outstanding adjustable rate mortgages peak out some time next year.


Friday, November 02, 2007


The Brutal Facts

Industry Trade Newletter, Real Trends summarizes the current market as follows:

"Here are the brutal facts of our current situation.

• Unit sales of new and existing homes are down over 30
percent from the peak that was reached in August of 2005;

• The sources for approximately 35 percent of all mortgages
written in the U.S. in the past two years are gone;

• It is likely we will see the first true decline in home values
in the U.S. in the last forty years;

• It is not likely that a sustained recovery will occur
nationally until at least 2009." September, p.11

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