Anyone involved in the real estate market in Atlanta had reason to smile as April 2010 closed out. While lag reporting is still coming in, the closings thus far in the month of April for the metro Atlanta market was sporting a year-to-year double digit increase at 12.2% for all single family closings (stats provided by SmartNumbers/Steve Palm).
So far it all looks good! And there are some making the prediction that Atlanta has seen the bottom. And, I surely hope that is true. However, one compelling factor remains - our unemployment remains at over 10%. That doesn't bode well, in my opinion, for our real estate market.
The First Time Home Buyer Credit has come to a close. So it has been no surprise to see the first quarter of this year......and, April begin to hit positive increases as everyone scrambled to the finish line. I speculate that the TRUE numbers will begin to show themselves throughout the second quarter and into the third. I, for one, truly hope those predicting better days ahead for the metro Atlanta housing market are right.
Here is April 2010 Market Report:
Come to my house:
My Suwanee Home.com
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