November 20, 2008

It's getting to be more and more difficult to find good news on TV. Reporters seem to be reveling in stirring up as much "doom and gloom" news as they can – after all it's been proven that bad news sells better than good. Our addiction to news tickers and 24 hour coverage was solidified during horrific news events of the last decade. But there IS positive news to be found if you dig hard enough.

28 Metropolitan areas showed increases in median existing single-family home prices from the same quarter in 2007. Areas such as Elmira NY, Tulsa OK, Wichita KS and Urbana IL.

But even in areas where average home sales have dropped drastically, there is good news. Buyers who have been shut out of the home ownership market, are now finding that they can afford to buy. And they ARE buying. Three states where the ‘housing bubble' has burst are seeing some of the highest increases in sales. The largest sales gain during the third quarter was in Arizona, up 28.3 percent from the second quarter, followed by California which rose 28.1 percent and Nevada, up 26.2 percent. These areas have seen some of the strongest sales gains with some reports of multiple bidding.

And there's also good news for sellers. The typical seller purchased their home six years ago and is still experiencing net equity gains, even in today's depressed markets. The national increase in value since the third quarter of 2002 is 18.3 percent, which is a median gain of $31,000. Even with the current downward price distortion, 90 percent of metro areas are showing six-year price gains.

So while we are definitely in turbulent economic times, there is GOOD NEWS to be found if you look for it. Hopefully, some home buying incentives will be passed soon to stimulate even more home ownership. Lawrence Yun, the chief economist at the National Association of Realtors, said that, "A pattern of sharply higher sales in areas with large price declines is well established," Yun said. "Affordability conditions have consistently been a major factor in driving sales. Historically during recessions, buyers have responded to incentives and it's important for government to keep that in the forefront of stimulus decisions."

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Local Information for Marietta, GA

Latitude: 33.953353 -- Longitude: -84.540614

ZIP Codes for Marietta, Georgia	30006 30007 30008 30060 30061 30062 30063 30064 30065 30066 30067 30068 30069 30090
Area Code for Marietta, Georgia	770
Time zone for Marietta, Georgia	EST

Other Area Cities: Atlanta, GA Douglasville, GA Marietta, GA Acworth, GA Austell, GA Kennesaw, GA Lithia Springs, GA Mableton, GA Powder Springs, GA Smyrna, GA Woodstock, GA Roswell, GA Sandy Springs, GA Fair Oaks, GA East Marietta, GA

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Marietta is located in Cobb County, about 15 miles Northwest of Atlanta and is just south of the North Georgia mountains. It was founded in 1834 and today it is a thriving, charming city with old world charm but modern amenities. It has a beautiful downtown square with antique shops and elegant boutiques, restaurants, with Glover Park the center of fun. Marietta has a first-class education system which provides an atmosphere of learning for all citizens at all levels of education, including vocational schools and colleges. From Civil War battlefields to museums and amusement parks, Marietta is host to a number of attractions geared to a wide variety of interests. Most of these attractions are open year-round, many at no charge. One not to be missed is the “Marietta Gone With The Wind Museum: Scarlett on the Square”. -- Source: Wikipedia.com

Georgia 2000 Census Population Profile Map

	Marietta	Georgia	United States
Population	58,748	8,186,453	281,421,906
Median age	30	33.4	35.3
Median age for Male	29	32.1	34
Median age for Female	31.2	34.6	36.5
Households	23,895	3,006,369	105,480,101
Household population	57,187	7,952,631	273,643,273
Average household size	2.39	2.65	2.59
Families	13,020	2,111,647	71,787,347
Average family size	3.05	3.14	3.14
Housing units	25,227	3,281,737	115,904,641
Occupied units	23,895	3,006,369	105,480,101
Vacant units	1,332	275,368	10,424,540

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November 20, 2008

Local Information for Marietta, GA

Latitude: 33.953353 -- Longitude: -84.540614

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