Bubbling In Atlanta?

Atlanta lies in the heart of the fastest growing area of the country with no natural boundaries to restrict its growth. As a transportation, business, and cultural crossroads situated in the sprawling forests of the Appalachian foothills, we have ample land, building materials, and infrastructure to continue growing in all directions at very reasonable costs.

The quality of life is exceptionally high in Atlanta. It's a great place to raise a family, work, play or retire. And home prices always have been consistently lower than most major metro areas – which can often be 2, 3 or 4 times higher than the cost of housing in greater Atlanta.

A well diversified economic base has kept us immune from other notable real estate downturns like those that accompanied the Texas oil or California high-tech bubble bursts. Historically, Atlanta has never been a volatile market with sharp spikes or drops in prices. Even in the worst times of 20% interest rates of the late 1970’s or the recession of the early 1990’s, prices did not soften as much as other cities - and we were always in the lead of the rebound.

My previous report discussed how record-breaking new construction and a surprise small decline in corporate relocations have changed the supply and demand equations in Atlanta this summer to more of a buyers market. With some builders quietly delaying the groundbreaking of new projects, it appears minor adjustments to this market condition are now being made to keep things right on track.

Like almost everything else in real estate, location is the fundamental factor in determining the health of the local market. Atlanta is, as it always has been, in great shape to continue its remarkable growth well into the future.

Jimmy Herchek
REALTOR®
ZipRealty, Inc.
Toll Free: 1.800 CALL ZIP x 4930
Cell: 404.429.9528
Email: jimmy.herchek@ziprealty.com
http://www.ziprealty.com