Not everyone is suffering during the recession - WALB.com, Albany News, Weather, Sports

Not everyone is suffering during the recession

Posted: Updated:
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Smack down on Cancer at the State Theater

    Smack down on Cancer at the State Theater

    Saturday, April 19 2014 11:54 PM EDT2014-04-20 03:54:50 GMT
    Wrestlers from all over Georgia and Florida were in town for the Smack Down on Cancer Event at the state theater. More >>
    Wrestlers from all over Georgia and Florida were in town for the Smack Down on Cancer Event at the state theater. More >>
  • Americus student honored in statewide design contest

    Americus student honored in statewide design contest

    Saturday, April 19 2014 7:59 PM EDT2014-04-19 23:59:05 GMT
    Indira Zelaya, a fourth grader from Sarah Cobb Elementary School in Americus, was honored in Atlanta recently for her artwork supporting Georgia's manufacturing industry.  She was nominated by South GeorgiaMore >>
    Indira Zelaya, a fourth grader from Sarah Cobb Elementary School in Americus, was honored in Atlanta recently for her artwork supporting Georgia's manufacturing industry.  She was nominated by South Georgia Technical College.More >>
  • Swimming pool destroyed after storm

    Swimming pool destroyed after storm

    Saturday, April 19 2014 7:32 PM EDT2014-04-19 23:32:11 GMT
    An Albany man arrived home to find his pool completely destroyed. He's not sure what happened, but the wall caved in and the concrete cracked. He says he's had the siding redone several times.More >>
    An Albany man arrived home to find his pool completely destroyed. He's not sure what happened, but the wall caved in and the concrete cracked. More >>

By Wainwright Jeffers - bio | email

ALBANY, GA (WALB) - Not everyone is suffering during the recession.

Business is actually picking up for home appraisers.

Home sales are down, but as mortgage rates drop, many home owners are refinancing their homes to lower their monthly payments.

That means they have to get new appraisals.

"We've been picking up quite a bit, a lot of it is refinance with FHA, which is kind of the new sub prime market and that's helping them get into a more conventional type mortgage without that adjustable rate," said Matthew W. Gay, Certified Property Appraiser.

Gay says there has been some decline in home values around Albany, but not nearly so much as most of the rest of the nation.

Feedback
Powered by WorldNow