Atlanta has a “Vibrant” Housing Market
If you have learned anything from being a habitual reader of the posts on Atlanta Real Estate Forum, then it would be that Atlanta has a strong economy and has dodged the economic crisis that many markets in the nation are currently suffering from. And while this has meant many positive things for new home buyers in the area, it also means that the Atlanta real estate market will bounce back quicker than these other suffering markets, making the window of low housing prices and low interest rates dramatically smaller. It is for this reason that we urge you to stop stalling and buy now! If the many industry professionals are right, then we have already bottomed out in the real estate slump and are in the process of rebuilding. It won’t be long before we start seeing increases in housing costs and the elimination of the fantastic buyer incentives that we currently have. If you need more information to convince you to start looking for your new home in Atlanta now, turn to the AJC article that quoted the former federal Housing Secretary, Henry Cisneros, on Atlanta’s strong, vibrant econmony. Or you can look to CBS, who recently featured Steve Palm with Smart Numbers.
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3 Comments Add your own
1. Jody | May 23rd, 2008 at 8:01 am
Why would anyone trust the advice to “stop stalling and buy now!”. When I was shopping a year ago, during the early stages of the decline, I had agent after agent try to tell me that I would not get the price I wanted and that the market was just fine. It was a lie plane and simple. I had done the research and knew better than them and I was a first time home buyer. Ultimately I got the price I wanted and within a month of buying our home you finally started seeing report after report in the news about the housing market slump. It seems like the majority of people saying the slump is over and telling people to go ahead and buy have a vested interest in homes selling. All the advice from more objective experts (Clark Howard and others) at best question what is occurring and most say the market still has farther to fall. In fact, there is an article out today that says the US housing market posted it’s steepest decline in 17 years and that home prices fell 3.1% compared to this quarter last year. So you need to quit jeopardizing peoples futures and financial well being and quit making definative statements about buying in a market that you can’t possibly predict. While the Atlanta market may fair better than others it is not immune to what’s occurring all over the country. And given the uncertainty in what’s going to happen with oil prices and our economy you simply can’t predict what will happen right now. But if you can sleep at night knowing that you are giving people bad financial advice that could jeopardize their ability to provide for their families during uncertain economic times ahead then so be it.
2. Carol M. Flammer | May 29th, 2008 at 1:50 pm
Jody, thanks for you comment! Atlanta Real Estate Forum believes that homebuyers should be exposed to many different opinions and facts. Ultimately new home buyers will need to make their own decision on when to buy. It is not this blog’s intent to provide anyone with financial advise, that is best obtained from a financial planner or accountant.
3. Increase in New Home Sale&hellip | August 15th, 2008 at 2:41 pm
[…] market could be behind us and we’ll continue to see homes sales increase to bring us a stronger housing market in 2009. Tags:Atlanta-real-estate, housing tax credit, housing-market, new home sales Category: […]
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