clock menu more-arrow no yes mobile

Filed under:

Ready For Some More Depressing Housing News?

So we knew metro Atlanta's housing market was the pits, but we weren't ready to hear that it's now the most depressed in the nation. Where are our smelling salts?! New S&P data shows our housing market as by far the worst performer, beating out Las Vegas by a healthy (sickly?) margin. In fact, we had the only double-digit negative return on the entire list. Even Phoenix and Detroit have left us in the dust. Let's see: rampant overbuilding, a plethora of undesirable empty lots, and a financial situation that's been muddled by the most bank failures of any state. If that's not a recipe for disaster, we don't know what is. [Business Insider]