Builder magazine published an article where they interview 5 so called housing "authorities" and asked them which markets they felt would recover the fastest. I am glad to hear that James Diffley, the Group Managing Director at IHS Global Insight, named Atlanta as one of the top 5 markets to recover first. His top 5 markets to recover first are:
- Washington, D.C.
- Atlanta, GA
- San Antonio, Texas
- Raleigh, NC
- Minneapolis, Minn
He feels the strong economy and the low cost of housing in Atlanta will be the major cause as well as he feels the long term outlook for the economic factors for Atlanta are favorable. Right now I am seeing more activity than I have in a long time. My office manager said there are more contracts in our office - I am just not sure if this is the normal Spring increase or the the market is turning.
The article I read was by Laura Everett and on Atlantarealestateforum.com by Laura Everett (4/27/09).
If you are considering buying or selling a home in Cumming or Alpharetta or Suwanee - call me at 770 722-7010. I know the market and am always for for buyers and sellers - give me a call.
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