I was recently interviewed by the Bryan Ellis Investing letter that goes out to a couple hundred thousand investors all over the country!
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Atlanta, Georgia has been at the top of a lot of lists these days, and that makes its real estate of prime interest to investors. For starters, according to a recently-published Forbes study, more than half (54 percent) of all real estate purchases in Atlanta are for cash and made by investors, indicating that the investing community in the area is still both flush and active. Furthermore, Atlanta and Atlanta-area home values have climbed significantly over the past year, posting 17 percent gains in October 2013 over October 2012. At time of publication, Atlanta’s average home value was $137,600, up from $118,000 in 2012. Atlanta’s real estate market did not really take a hard, hard hit until mid- to late 2008, sometime after many other hot markets like Las Vegas, Nevada; Phoenix, Arizona, and numerous California metros had already tanked. As a result, Atlanta home prices did not really hit rock bottom until 2012, so values are just now starting to head upward again[1].
Clearly, investors are excited about Atlanta real estate and, as a result, the media loves to cover Atlanta’s numbers. Sometimes, however, we’ve found that the cold, hard numbers and the cold, hard truth are not always exactly the same. To try and determine just how Atlanta real estate activity is measuring up to the hype, we talked to Bob Southard, a local real estate agent and associate broker at Solid Source Realty who works with homebuyers and investors all over the Atlanta area.
Read the entire interview here.
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