Why is the Atlanta real estate market not improving? We have some great home deals on the market. Mortgage interest rates are amazing. And still the Atlanta real estate market does not improve. I have the answer:
JOBS
The metro Atlanta housing market is not going to improve until we get a handle on umemployment and put some people back to work.
Metro Atlanta's unemployment rate climbed to 10.3 percent in November, from 9.6 percent in October, the Georgia Department of Labor reported. The number of unemployed workers in the area increased to 273,218, up 20,490 from 252,728. The jobless rate in the metro Atlanta area in November 2009 was 10 percent Read more: Atlanta's unemployment jumps | Atlanta Business Chronicle
When Atlantans have jobs and feel secure about their jobs, they will return to making house purchase decisions.
Sally English and The English Team are Atlanta real estate agents specilizing in homes convenient to Emory University and the CDC in Northeast Atlanta
Comments (4)Subscribe to CommentsComment