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May 24--More than half of homeowners with a mortgage in metro Atlanta owe more than the house is worth, a new report says.
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Fitch Ratings expects real U.S. residential real estate prices to decline by 7.8%, down from last quarter's 9.1% expectation.
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But finding qualified candidates, ready to contribute immediately, is a challenge.
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New home sales rose in Atlanta, GA in January. Average prices of new and existing homes dropped 12.0%.
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The builder has partnered with investors to create a real estate investment trust that will buy up distressed single-family homes and rent them out.
In the past two years, GDC Property Tax Services has appealed assessments on more than 11,000 properties.
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New home sales climbed in December. The percentage of new home sales belonging to attached homes dropped, falling 4.1 percentage points.
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Biding its time for the market to rebound, The Empire Group is focusing on converting single-family homes to rentals.
The big Atlanta builder has changed his focus from designing new communities to fixing ones that reverted to banks.