Thursday, May 23 2013 11:57 AM EDT2013-05-23 15:57:54 GMT
Thomasville-Thomas County Humane Society Volunteer Lacey Williams and WALB's Stephen Abel drew the winning raffle ticket late Wednesday afternoon for a $100 gas card donated by Harold Jackson and PetroleumMore >>
A group of volunteers raised a total of $640 by selling the raffle tickets. The money will be used to fight animal cruelty through education and awareness.More >>
Thursday, May 23 2013 10:01 AM EDT2013-05-23 14:01:10 GMT
Albany Engineer K. Bruce Maples, P. E. announced some road closures Thursday morning. Beginning at 6:00 A.M., Saturday, May 25, 2013, the following streets will be closed for the Spring Fest and SBMore >>
Albany Engineer K. Bruce Maples, announced some road closures beginning at 6:00 A.M., Saturday, May 25, 2013, in downtown Albany.More >>
Thursday, May 23 2013 9:00 AM EDT2013-05-23 13:00:09 GMT
ATLANTA – The Georgia Department of Labor announced today that metro Albany's unemployment rate declined to 8.6 percent in April, down three-tenths of a percentage point from 8.9 percent in March. TheMore >>
The unemployment rate in the Southwest Georgia region declined to 8.2 percent in April, down two-tenths of a percentage point from 8.4 percent in March. The rate was 8.8 percent in April a year ago.More >>
Thursday, May 23 2013 7:30 AM EDT2013-05-23 11:30:38 GMT
Dougherty County Police believe a pair of convenience store smash and grabs may be the work of the same two men. The first smash and grab happened around 2:20 am at the Pit Stop convenience store atMore >>
Dougherty County Police believe two men are behind a smash and grab and a break in at two convenience stores within four miles of each other.More >>
Wednesday, May 22 2013 11:26 PM EDT2013-05-23 03:26:38 GMT
If you're traveling this Memorial Day Weekend, you may notice you're paying about the same at the pump as last year. AAA says the average gas price in Georgia right now is about $3.46 a gallon. That'sMore >>
If you're traveling this Memorial Day Weekend, you may notice you're paying about the same at the pump as last year.More >>
THOMASVILLE, GA (WALB) -
Unemployment is dropping, the stock market is breaking records, but what is the state of the housing market?
National figures show home prices are starting to increase in many larger cities.
South Georgia realtors say, while there is reason for optimism, it's still not time to celebrate.
For all markets, whether it's housing, job, or even grocery, consumer confidence is everything.
"We're not out of the woods yet. There is still a lot of people that have lost value in their homes over the last five or six years and it's going to take a long time for that to recover," said First Thomasville Realty Owner Mills Herndon.
Stock market numbers are reaching all time highs with positive reports nationally for jobs, manufacturing, and even housing.
But Herndon says when it comes to housing, south Georgia is not quite there yet. "We tend to kind of lag behind in our local market as far as those types of scenarios. We were not quite hurt as bad as some of the bigger markets so you are going to see some of the appreciation come back to bigger markets quicker."
South Georgia realtors say while the number of foreclosures in our area is diminishing, they are still driving the market.
"They've got to get flushed out of the system. They bring comps down. They bring values down and hold them down. But we are not seeing quite as many as we were seeing," said Herndon.
Herndon says in order for the foreclosures to slow down, unemployment and underemployment needs to improve.
"Some bright spots on the horizon as far as some new potential businesses coming to town and that will employ some people. And that always helps when people start looking for houses."
Herndon says while times are still tough for sellers, if you can get the right financing, now is still a great time to buy.