Exciting news for the Atlanta market! According to a recent CNNMoney article Atlanta has been awarded the #1 spot for the best place to buy a home these days. The article awarded 6 cities where home prices are likely to rise the most – or fall the least – in the next 12 months.

The other cities ranked on the list were:
2- Boston
3- Cincinatti
4- Cleveland
5- Detroit
6- Houston

The article indicated that frenzied home building in Atlanta has stalled, which should start to reduce the area’s large supply of vacant housing and propel prices upward.

According to CNNMoney, the average home price for a typical affluent suburb in Alpharetta is $359,950. If you are in the market for a new or resale home in the Atlanta market, NOW is the time to buy. Atlanta real estate is affordable and available. Inventory levels of new homes are decreasing meaning it is a great time to buy. As inventory gets purchased, we will see prices start to increase.

Reasons to buy now:
• affordable
• available
• low interest rates
• single biggest way to build wealth and networth
• historically low prices won’t last

This entry was posted on Tuesday, April 22nd, 2008 at 10:10 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed.