Atlanta Housing Market

By:   Date: 1 January 2010

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Interested in buying a home in the metro Atlanta Housing Market ? Then this is the time for you. The Home Builders Association of Midwest Georgia, in its Economic and Housing Forecast for 2007, has stated that continued rising of housing stock prices will finally come to an end without affecting the economy.

Atlanta, in the state of Georgia which is right above Florida (in the south-east corner of the US) is home to the most number of Fortune-500 companies behind New York City and Houston, Texas. The city also houses four Fortune-1000 companies including Coca-Cola. The city is a major center of Convention and Television broadcasting business and as a result has numerous large hotels.

Though the Atlanta Housing Markets ever growing as the City is a land-locked geographical area with no natural obstructions such as water bodies or mountains close by, the Atlanta Housing Markets suffering for a want of affordable housing stock. More and more houses are lying empty for being out of the reach of prospective buyers who can only afford low-priced houses.

Divided into four regions, the metro Atlanta Housing Markets comprised of :

  • North Metro Atlanta Housing Market known for the high median home prices, contains some of the most desirable homes in addition to luxury neighborhoods and upscale shopping malls.
  • West Metro Atlanta Housing Markets recognized for its historic cities. Numerous people looking for affordable homes were attracted to this area.
  • South Metro Atlanta Housing Market houses many large multinational companies and so most people living here are financially well-to-do.
  • East Metro Atlanta Housing Markets a fast growing real estate market and similar to West Metro Atlanta Housing Markets inhabited by people living in low-priced houses.

Atlanta long associated with unplanned construction and traffic jams, will undergo immense construction projects following the success of the Atlantic Station - a $3 Billion commercial real estate and housing project.

The sales of houses in the Atlanta Housing Markets likely to pick up during the later half of 2007.

For more information on the Atlanta Housing Market log on to answers.com,about.com


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