Atlanta just named one of the best places to buy in America
Business 2.0 worked with Moody’s Economy.com rated Atlanta as the #4 ”Best Place in Nation to Buy Now”, with projected median sales prices growth for single-family homes (2008 to 2009): 5.6%
….”Hotlanta” boasts one of the highest rates of job growth in so-called creative-class occupations in the country. Why? It’s the top destination in America for young professionals, a transportation hub (Atlanta’s airport is the busiest in the world), and a place where most Fortune 500 companies maintain a regional presence. Projections by researchers at the U.S. Census Bureau and Virginia Tech place Atlanta at the center of a “megapolitan” cluster of urban sprawl that will develop over the next quarter-century, encompassing 7 million people.
This points to another niche real estate play –> As buildable land around the city disappears, downtown neighborhoods on the brink of transformation are ripe for investment.
SOURCE: CNNMoney.com
** As a Realtor, I primarily work “intown“ and over the past two years, that market has remained quite stable. Homes are still selling in a reasonable timeframe, multiple offers are still coming in (although not as often as 2003 – 2005), and there are still a LOT of buyers out there. If you are considering selling your home, my advice would be to “have no fear”, but do everything you can to make your home look like a showplace! If you are looking to purchase a home in the next year, this is the perfect time to do it.