August 2009 
There are 1 blog entries for August 2009.
Cobb County Foreclosures in August
Saturday, August 8th, 2009 at 9:09pm. 536 Views, 0 Comments.
According to the Marietta Daily Journal, there were 1,079 foreclosed homes for sale on the Cobb County Courthouse steps this past Tuesday. This represents an increase over the August 2008 auction of 861 foreclosures. Many of these homes will be listed and sold to the public over the next several weeks.
Foreclosures continue to drive the market place to a slower recovery. What does this mean for the Cobb County housing market? Let's consider this, in all of July there were 561 single family detached homes that sold, 84 attached condos/townhomes, and just a handful of land/lots.
If 75% of the homes sold on the courthouse steps will be marketed publicly for sale, it will be slightly higher than an entire's month worth of sales in Cobb. Add short…