Last year was a great year for real estate in Metro Atlanta with a sustainable rate of appreciation; however, many major markets around the country saw huge gains in 2005 that would be difficult to sustain. Although we have not seen the infamous “bursting of the bubble” that has been so hyped in the news media, we have seen significant slowdowns in several major markets.
How will the Atlanta area be affected by slowdowns in other major markets?
Well, I would suggest that the inflated markets in states such as Florida and California could actually boost the Atlanta market significantly.
Atlanta has seen an influx of clients from these areas who were willing to move to the Atlanta area with no guarantee of a job, simply because they could afford a home here that they could never dream of being able to afford in their previous cities of residence.
Atlanta real estate is some of the most affordable in the nation and our economy and job market have been very healthy as well. These factors combined represent a very enticing prospect to people looking to leave volatile and over-priced markets to fulfill their dream of home ownership.
One way to find out what your home may be worth in the current market is to visit the Home Valuation Page [http://www.benhirsh.com/Nav.aspx/Page=/HomeValue/Default.aspx] for an estimate of your homes value.
In a market that can at times seem scary, it is important to keep up to date on the latest news!
Atlanta Real Estate - Will The Bubble Burst?
No comments:
Post a Comment