November 20, 2008

All markets are different. During the next few years, some housing markets will turn around faster than others. How do you know when your particular market has reached its bottom? If you wait until others pick over the great deals, you'll miss the bottom.

Keep a track of how many properties are listed from month to month. Once you start to see a reduction in inventory then that may mean that buyers are starting to buy. There could be two reasons whey inventory is reducing – overpriced homes may be taken off the market and sales volume could be picking up. You can find out this information from your local real estate agent.

Keep reading national and local newspapers. If your local media reporters are now starting to interview experts in your market and asking questions like, “Have we reached the bottom?” then that might be a sign that there may be a shift.

Talk to your friends and co-workers. How are they feeling about your local economy and housing prices? Are they more optimistic now than they were 3 months ago, or even last month?

Consumer confidence will be a big part in the housing market turning around.

Be on the lookout for mortgage interest rates stabilizing and mortgage companies start to ease lending restrictions.

One of the biggest indicators is when prices have stopped dropping. The secret is to buy before they start to inch back up again!

I’m not suggesting that you wait till the absolute bottom of your market to buy. You have to look at a home as a place to live, not an investment. Only you can determine what an affordable monthly payment is relative to the value of the home you are purchasing. There are individual homes for sale that can be bought at the bottom of your market, even if homes in general have not reached that mark.

Talk to a trusted real estate agent – we can help!

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Local Information for Eatonton, GA

Latitude: 33.326302 -- Longitude: -83.387798

ZIP Codes for Eatonton, Georgia	31024 31026
Area Code for Eatonton, Georgia	706
Time zone for Eatonton, Georgia	EST

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Eatonton is a city in Putnam County, Georgia, United States. The population was 6,764 at the 2000 census. There were 2,442 households out of which 34.9% had children under the age of 18 living with them, 40.4% were married couples living together, 24.0% had a female householder with no husband present, and 30.1% were non-families. The average household size was 2.66 and the average family size was 3.20.The city is the county seat of Putnam County. It was named after William Eaton, an officer and diplomat involved in the First Barbary War. The name consists of his surname with the English suffix "ton", meaning "town". The Rock Eagle Effigy Mound, a Native American archaeological site, is located adjacent to Georgia 4-H's Rock Eagle 4-H Center north of the city. Rock Hawk Effigy Mound is located just to the east. They are the only such sites discovered in Georgia east of the Mississippi River, and were made by the Mississippian peoples who inhabited the area 900-1500 A.D. -- Source: Wikipedia.com

Georgia 2000 Census Population Profile Map

	Eatonton	Georgia	United States
Population	6,764	8,186,453	281,421,906
Median age	33.5	33.4	35.3
Median age for Male	31.9	32.1	34
Median age for Female	34.9	34.6	36.5
Households	2,442	3,006,369	105,480,101
Household population	6,502	7,952,631	273,643,273
Average household size	2.66	2.65	2.59
Families	1,706	2,111,647	71,787,347
Average family size	3.2	3.14	3.14
Housing units	2,668	3,281,737	115,904,641
Occupied units	2,442	3,006,369	105,480,101
Vacant units	226	275,368	10,424,540

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November 20, 2008

Local Information for Eatonton, GA

Latitude: 33.326302 -- Longitude: -83.387798

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