What's Taking Place in Your Market...YADA YADA?

It has been said that in the Atlanta real estate market, September and October are great times to take a good cruise or a vacation. I must say that I agree! The phones do not ring too much once the kiddies are back in school. This year in Atlanta seems no different. The summer was kind of a disappointment. We started out with a bang for May and June and then July fizzled as the interest rates went higher. In August "Cash for clunkers" seemed to pull whatever excess cash was in the market...and took it in another direction. Personally I was hoping that once children were back in school the market here would have picked up. It didn't. It is very quiet except for phone calls looking for $5000 homes that buyers will tell you they do not have the money. All and all, we cannot complain, we earned more than last year already and that is a good thing. There is a mixed bag of news to report. Yes inventory is way down, but so are sales. The otehr problem is that if you are working buyers, inventory is trashed. Unemployment in Georig and especially Atlanta is over 10%. The impact of the sluggish economy is clearly evident by the closings of local restaurants can be easily noticed all around town. I am not so sure I agree with the Administration or Bernake that the recession is over! What's taking place in your market right now? I think I am going to take a few days off!