The take on home prices in other Southeastern cities
Atlanta’s current home market doesn’t necessarily mean lower prices, and it’s the same in other Southeastern cities. According to Real Estate Columnist Chas Sisk of the Tennessean (Nashville), home prices are relatively steady in Middle Tennessee, Charlotte and Atlanta. Many sellers are choosing to keep prices steady and take longer to sell. He refers to Standard & Poor’s/Case-Shiller index of 20 large US cities, which shows double-digit price declines in some places but only 0.7 percent in Atlanta. Prices aren’t falling here because they were never “out of whack.”
Another reason? Atlanta and other Southeastern cities have experienced steady population growth. I guess everybody’s figuring out what we’ve known all along — there’s no better place to live than in the South. Ya’ll stay awhile, ya hear? (And keep buying homes while you’re at it.)
For other Atlanta Real Estate and economy news, see stories on Atlanta Real Estate Forum.
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1 Comment Add your own
1. Tony Bauer | January 15th, 2008 at 9:47 am
Real estate market conditions are affected by infrastructure as well as can be seen from the changes happening in Atlanta. For instance, the ARC is ironing out transportation problems and glitches while the Hartsfield-Jackson Airport is maintained as the international link for Atlanta. These changes are in major way affecting the quality of life for its existing citizens while attracting potential citizens for this city.
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