That article is about Booming Atlanta Creates Fabulous Real Estate Oportunities. The Atlanta real estate market follows its own path. It is unique in the fact that it has been relatively unaffected by the high vacancies and abandoned homes that other communities have experienced recently. Even though home prices have gone down a bit and the auctions have a few more homes to offer, they are not suffering devastating tragedy that other regions are enduring.
Unlike places such as California and Florida where investors are packing up and pulling out, Atlanta has an ever growing population of home buyers. This is possibly because of the fact that a great number of the homes purchased and built in Atlanta are bought by families and people settling in and making Atlanta their home. With the trends moving away from the highly populated fast paced areas and more people looking for a more peaceful environment, homes and real estate in places like Atlanta are holding their own.
There is less risk of extreme market fluctuations in areas like Atlanta. That means that the impending up and down trends that are likely to occur as the real estate market adjusts back to a more stable environment are less likely to affect Atlanta real estate purchasers. This may be the reason that home builders are leaving other places and going to Atlanta.
Beautiful new condos are being built and purchased all the time in Atlanta regardless of the economy. Building contractors are following the current trends and building in places where the hard-working families are.
This is a very different picture than other places around the country. We are seeing entire projects being abandoned. Many new neighborhoods are left with roads that are not completed and homes still only partially built. Many large housing complexes and condo buildings are sitting with high levels of vacancy and the builders and investors are left holding the bag.
Real estate building contractors also understand that investors are no longer in the market to buy the biggest and newest real estate because the economy simply can no longer support that type of investing. Therefore, real estate investors are buying up many of the older homes that have dropped to price levels not seen in many years. They also know that families heads are working harder than ever to get their finances in order so they can take care of their children, spouses, and parents in these tougher times.
Atlanta real estate is seeing a major improvement as a result. Home builders are beginning to sell real estate to these families directly. This creates an excellent situation for people who are looking to get their families into new Atlanta real estate. Without the investor acting as a middleman, the savings can be passed directly to the home buyer.
Not to mention the fact that some of the best homes and condos are now being built in the family friendly neighborhoods of Atlanta. Atlanta will always follow its own unique real estate trends because of the simple and realistic nature of the community. If you are looking for a fantastic place to live or retire comfortably, then might consider buying real estate in Atlanta.