The first Tuesday of every month is a feast for some, a famine for others. Experienced buyers and curious novices mingle on the courthouse steps in every Metro Atlanta county.
The first Tuesday in May, 7,335 properties are scheduled for courthouse auctions, a record number.
The numbers are just another sign of the slowing economy and the real estate slump.
Thursday, April 17, 2008
Sunday, April 6, 2008
The towering condominium building under construction on Peachtree Street disappeared into a cottony sky
After 20 months of labor, hundreds of construction workers and white-collar business types who've invested time and money came together for a chicken-and-fish luncheon in the building's future retail space.
They were celebrating 1010 Midtown's topping out — the completion of structural work.
The overcast day was apt, considering it's unclear who will buy all the new condos.
Unsold condominium inventory at the end of 2007 was 7,252 units, compared with 5,990 units in 2006 — a 21 percent increase, according to Atlanta research firm Haddow & Co. Unloading that inventory would take more than four years at 2007 sales rates, Haddow's numbers show.
They were celebrating 1010 Midtown's topping out — the completion of structural work.
The overcast day was apt, considering it's unclear who will buy all the new condos.
Unsold condominium inventory at the end of 2007 was 7,252 units, compared with 5,990 units in 2006 — a 21 percent increase, according to Atlanta research firm Haddow & Co. Unloading that inventory would take more than four years at 2007 sales rates, Haddow's numbers show.
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