Builder Magazine recently published a very interesting article in which they asked five leading housing authorities for the five markets they think will recover first once the economy turns. It’s a very interesting article and gets a variety of perspectives and explanations behind each choice; I recommend everyone in the Atlanta real estate industry taking a moment to look it over. You may be especially interested to know that Atlanta was named by James Diffley as one of the top five markets to recover first.
James Diffley is the Group Managing Director at IHS Global Insight. IHS Global Insight is an international economics firm that has been analyzing the US housing market in recent years. James heads the local forecasting group for the company. The five markets he chose to recover first are:
- Washington, D.C.
- Atlanta, GA
- San Antonio, Texas
- Raleigh, NC
- Minneapolis, Minn
What about Atlanta’s housing market led Diffley to believe we will recover first? It’s our strong economy and low housing prices. You may think that Atlanta has been suffering along with the rest of the nation, but James says that our long term economic growth fundamentals remain very strong. The local economy stable and the low price points on homes seems to be the perfect recipe to put Atlanta in a prime position for recovery.