Good News For North Georgia Real Estate!

I was reading an article by Mardell Cully over at realtytimes.com and he made some important observations that I wanted to share with you. He states: "Overall market conditions for Atlanta remain strong and vibrant for several different sectors including first-time homebuyers, buyers "moving-up" to the $200-$350K price range, and investors seeking to capitalize on historically low interest rates. With the current popularity of interest-only loans and competition among lenders, low mortgage rates continue to fuel the housing market and mutually beneficial deals are being negotiated for both buyers and sellers."

Hank Miller from the same site writes:
"We've seen a bit more activity in the North Atlanta real estate market over the last two weeks as relocation buyers from around the country add to local buyers. Now that schools are out in most states, transferees are starting to appear - and that's a good thing! If you're headed to North Atlanta, you'll be pleased with the area as well as the standing inventory of both new and existing homes."

I could not agree with Hank more! I have never seen such inventory of gorgeous homes and beautiful properties. It really is a great market. Even more good news on the horizon, too, according to Cully. He states: "There is plenty of evidence that our leaders and citizens will rise to the challenge of welcoming new residents while maintaining and improving our quality of life. Consider:

• The Quality Growth Task Force is analyzing and developing recommendations for responsible land use and quality growth throughout region.
• The Atlanta Regional Commission (ARC) is advancing the area's first transportation plan, called Mobility 2030. The plan identifies the most congested corridors, establishes goals to fix the worst first, and is recommending accountability and performance measures.
• Future area transportation projects include funding for commuter rail to encompass surrounding counties.
• The newly-created Regional Arts & Culture Leadership Alliance will begin to drive initiatives that will benefit and nurture the arts throughout the region including Atlanta.
• The Metropolitan North Georgia Water Planning District, along with city and state legislature have agreed on guidelines to provide for the region's future water needs, and the local economy will continue to grow through entrepreneurs, as well as big corporations.
• By targeting innovative industries, our research universities offer immediate advantages to emerging fields, such as the biosciences and other technology.
• Internationally, our leaders have positioned Hartsfield-Jackson Airport to continue to be America's gateway for emerging nations and the transportation hub for the entire Southeast.

So there you have it, this market is not one to be afraid of, but rather one to embrace! We have every reason to believe that this next year will be one of the strongest years for any buyer or seller in the north metro Atlanta area. If you need to sell a house or property, look at some to consider buying or you just want to know what you should be doing if you are thinking about doing either, I will be glad to speak with you. Give me a call today at 770-862-8002.

-Michael