Housing Market Blamed for Slow Local Economy
Published October 31st, 2007
The Douglas County Sentinel (requires registration) is reporting today that the lousy housing market in Douglas County is hurting the local economy. With a foreclosure rate of “3.59 percent, which is one in every 27 households,” Douglas County is the worst in the whole West Georgia Region. Beneficiaries of new residential development are taking their toll due to the drought as well. Yet the article never explains why the local economy is hurting and in which areas.
However the amount of jobs are up which is relative to all the new distribution centers that have opened up in the last year, primarily along Riverside Parkway.
Tags: Development, economy, housing
