Cobb Real Estate Blog

The talk of real estate bubbles is buzzing all over the country. The Atlanta metro area isn’t typically mentioned at the top of the list of bubble cities, but alot of home owners share the fear of a real estate bubble burst. On Monday, fed chair Alan Greenspan, said most homeowners are in good shape. Greenspan commented that, “The vast majority of homeowners have a sizable equity cushion with which to absorb a potential decline in house prices,” and based those remarks, in part, on the recent NAR (National Association of Realtors) report that sales of previously owned homes in August posted their second-highest level on record.