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 Columbus, GA

ZIP Codes for Columbus, Georgia	31829 31901 31902 31903 31904 31905 31906 31907 31908 31909 31914 31917 31993 31994 31995 31997 31998 31999
Area Code for Columbus, Georgia	706
Time zone for Columbus, Georgia	EST

Other Area Cities: Phenix City, AL Columbus, GA Fortson, GA

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As of the censusGR2 of 2000, there were 186,291 people, 69,819 households, and 47,686 families residing in the city. The population density was 332.6/km² (861.4/mi²). There were 76,182 housing units at an average density of 136.0/km² (352.3/mi²). The racial makeup of the city was 50.42% White, 43.74% African American, 0.38% Native American, 1.54% Asian, 0.14% Pacific Islander, 1.90% from other races, and 1.87% from two or more races. Hispanic or Latino of any race were 4.49% of the population.Columbus is home to many exciting cultural, artistic, and athletic venues. The Springer Opera House, state theatre of Georgia, the RiverCenter for the Performing Arts, the Bradley Theatre, Port Columbus Civil War Naval Museum, the Columbus Museum, and the Columbus Civic Center. Columbus is also the home of Historic Columbus Foundation's Riverfest Weekend [1], a major Georgia festival and a Top Twenty Event in the Southeast. Riverfest Weekend is always the last full weekend in April. -- Source: Wikipedia.com

Georgia 2000 Census Population Profile Map

	Columbus	Georgia	United States
Population	185,781	8,186,453	281,421,906
Median age	32.6	33.4	35.3
Median age for Male	29.8	32.1	34
Median age for Female	35.3	34.6	36.5
Households	69,599	3,006,369	105,480,101
Household population	176,674	7,952,631	273,643,273
Average household size	2.54	2.65	2.59
Families	47,560	2,111,647	71,787,347
Average family size	3.08	3.14	3.14
Housing units	75,940	3,281,737	115,904,641
Occupied units	69,599	3,006,369	105,480,101
Vacant units	6,341	275,368	10,424,540

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November 20, 2008

Local Information for Columbus, GA

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