As it turns out, Atlanta is not such a bad place to live

AOL published a story last week profiling various markets across the country. According to the feature, Atlanta’s homebuilding and job growth remains strong in an otherwise unstable economy. Atlanta is currently ranked as the #2 market nationally in terms of single-family building permits at 31,029. And, for most of 2007, was able to avoid a drastic drop in home price, but eventually fell 1.5% to $164,300 from $166,800.

In terms of employment trends for 2007, Atlanta is ranked #4 nationally in job growth with 52,600 jobs created – a 2.2% annual growth. The focus of the article is to expose 30 restricted mortgage markets across the county. Atlanta, Sandy Springs and Marietta made the list. What makes it a restricted market? Stricter underwriting guidelines which make it more difficult to get approved for a mortgage in these specific ares. However, despite having these restricted mortgage markets, these statistics and numbers prove that the Atlanta real estate market and economy are among the strongest and most stable in the nation.