Zillow, with all of it’s pitfalls, can’t be all wrong.
Metro Atlanta’s home values fell 12.9 percent in 2011, according to Zillow ’s Real Estate Market Reports.
The area’s home values averaged $109,100, which was down 37.9 percent from the market’s peak several years ago.
So, with the fourth quarter numbers in, here’s a little bit of a forecast for 2012:
“…Fortunately, against a backdrop of modest further declines in home values, we expect that home sales will pick up briskly this year as affordable prices bring more buyers to the table, especially investors and second-home buyers.”
Zillow does not forecast a definitive national bottom until 2013 and predicts a national decline of 3.7 percent in 2012. Click here for more….”