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!

This is an inactive RePage. If you are Fay & George Edwards and wish to reactivate this page, please visit www.RePagesOnline.com for instructions.

Local Information for Augusta, GA

Latitude: 33.433271 -- Longitude: -82.022048

ZIP Codes for Augusta, Georgia	30901 30903 30904 30905 30906 30907 30909 30910 30911 30912 30913 30914 30916 30917 30919 30999
Area Code for Augusta, Georgia	706
Time zone for Augusta, Georgia	EST

Other Area Cities: Aiken, SC Augusta, GA Evans, GA Martinez, GA Hephzibah, GA

Enter our Photo Sweepstakes and Win $200 for your Augusta photos!

To see random photos for other cities Click Here.

Submit your photos of Augusta and become eligible to win $200. Click Here for details.

Augusta is a city located in the U.S. state of Georgia. As of 2000, the population was 195,182. In 1996, the governments of the City of Augusta and Richmond County combined to form a single governing body known as Augusta-Richmond County. The consolidated city-county is today simply known as "Augusta, Georgia" and not by the consolidated name. The area that comprises the city limits of Augusta (identified during the 2000 census as "the Augusta-Richmond County balance") includes almost all of Richmond County, except for the towns of Hephzibah and Blythe, which maintain governments separate from that of Augusta. Augusta's official nickname is The Garden City. It is also known as Masters City, since it plays host to the Masters golf tournament. The city recently adopted the motto, "We Feel Good", in recognition of native son and soul music legend James Brown. Notable residents include: James Brown (Musician), Hulk Hogan (Professional wrestler), and Woodrow Wilson (U. S. President). -- Source: Wikipedia.com

Georgia 2000 Census Population Profile Map

	Augusta	Georgia	United States
Population	195,182	8,186,453	281,421,906
Median age	32.3	33.4	35.3
Median age for Male	30.3	32.1	34
Median age for Female	34.3	34.6	36.5
Households	72,307	3,006,369	105,480,101
Household population	184,312	7,952,631	273,643,273
Average household size	2.55	2.65	2.59
Families	48,234	2,111,647	71,787,347
Average family size	3.13	3.14	3.14
Housing units	80,481	3,281,737	115,904,641
Occupied units	72,307	3,006,369	105,480,101
Vacant units	8,174	275,368	10,424,540

Visit US Census

Enter our Photo Sweepstakes and Win $200 for your Augusta photos!

November 20, 2008

Local Information for Augusta, GA

Latitude: 33.433271 -- Longitude: -82.022048

Lingerie & Perfumes

Wedding Singer

QROPS

Leader Newspaper

Juice Plus is real fruits and vegetables packed with natural antioxidants