Honors Theses
Date of Award
2012
Document Type
Undergraduate Thesis
Department
Finance
First Advisor
Matthew Hill
Relational Format
Dissertation/Thesis
Abstract
This thesis examines the Metropolitan Atlanta housing market after the collapse of the Atlanta housing bubble between 2007 and 2011. Time-series analyses were performed for home prices, the amount of time homes spent on the market (days on market), and the number of homes listed for sale (inventory). Simple linear regression analyses were used to determine the effects of days on market and inventory on home prices. Homes were separated into quartiles and the analyses were repeated to determine how different price ranges behaved over the four-year period. Following the collapse of the Atlanta housing bubble, home prices and inventory fell dramatically and the amount of time homes spent the market increased. The lowest price range of homes experienced the greatest decrease in price and continually suffered from the worst market conditions. Days on market and inventory both had significant effects on the reduction of home prices during the four-year period. As of January 2012, it seems unlikely that the Atlanta housing market will recover in the near future, as home prices continued to trend downward from their peak in the summer on of2007.
Recommended Citation
Platt, Thomas McDowell, "An Analysis of the Metropolitan Atlanta Residential Real Estate Market: Beyond the Housing Bubble" (2012). Honors Theses. 2094.
https://egrove.olemiss.edu/hon_thesis/2094
Accessibility Status
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