Home Prices are down 31% from 2006

The country is going through a house selling boom at the bottom. Nationally, home prices are down 31% from the 2006 peak, and lots of the sales are foreclosures, although just about anything that's moving is cheap. A lot of the investing action around the country is in lower-end homes, which have a ready market of renters and are often priced low enough to be purchased for cash. The activity is centered primarily in fading manufacturing hubs like Detroit and Cleveland, and famous bubble cities like Miami, Phoenix, and Sacramento, but investors are sniffing around for cut-rate deals just about everywhere from Memphis to Philadelphia.

Average Sold Home Prices in the greater Gwinnett are for August were $187,542