According to Forbes, in an article released today (Thursday, June 25, 2009), Atlanta is among of the best cities to buy a home. Based on criteria such a price per square foot, supply and demand, as well as "basis of change in price per square foot, frequency of real-estate transactions, and how evenly distributed home-sales activity is in a metro area," Atlanta ranks #13 in the Top 25 List.
"The Forbes rankings seem geared more toward each market's current and future potential as a place to buy a home, since some of the cities at or near the top of the list are among those hardest hit by the recession." However, in an impromptu speech given at a campaign fundraising event yesterday, Johns Creek Mayor Mike Bodker relayed some optimistic statistics that he heard at the Georgia Municipal Convention: Georgia is projected to be one of the first states in the union to come out of the current recession and begin to move forward economically.
Because Atlanta has enjoyed slow and steady growth in property values, we haven't been hit as hard, as a whole, as other cities around the nation. Additionally, Atlanta remains a popular and attractive choice for business relocation, and we see a steady stream of businesses moving their headquarters to our beautiful city.
If you're thinking of moving to the Atlanta area or if you have any questions about North Metro Atlanta area real estate, contact The Gebhardt Group today!
Maura Neill, ABR, CRS, MA
The Gebhardt Group
RE/MAX Greater Atlanta
10220 Medlock Bridge Road
Johns Creek, GA 30097