Not too bad a time to be a buyer in Georgia.Opinion article... by BRIAN PATTONhttp://www.gwinnettherald.com/Articles-i-2007-12-14-168722.112113-Georgia_housing_may_be_undeserving_of_gloom.html "The most recent housing report with one of the largest samplings of housing units was completed by the Office of Federal Housing Enterprise Oversight (OFHEO). This report, known as the Federal House Price Index Report, indicates that Georgia posted a surprising 3.54 percent appreciation in housing prices in the last year."...Despite the negative indicators of some real estate markets, it appears that Georgia is holding its own with not only the surprising past year appreciation of 3.54 percent, but a cumulative appreciation of 25.55 percent over the last 5 years. Even on a smaller scale, the Atlanta region has seen an increase of 2.61 percent over the last year and a 20.18 percent appreciation over the last 5 years....The only negative note for Georgia homeowners is third quarter results for 2007. Georgia real estate barely makes it into negative appreciation for the third quarter of 2007, the equivalent of a mere $25 in value on a $250,000 home, hardly a cause for major concern. Read the OFHEO report here http://www.ofheo.gov/media/pdf/3q07hpi.pdfDecember 22 2007 - US0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.