Posted by Heyward Young
Although home values are falling in other parts of the country, Atlanta has had an increase of 0.2 % over the last year. This number is great news for those of us in the "ITP" area of Atlanta. (That's inside the perimeter for you out of towners) While the suburbs seem to be facing the same problems as the rest of the country, Intown neighborhoods are thriving and increasing in value. Well established neighborhoods such as : Buckhead, Virginia-Highland, Morningside, Dunwoody and Sandy Springs are perfect examples. There is no correction in the intown market because there was nothing to correct. Foreclosures in these neighborhoods are much more scarce than in outlying areas. The prices are not being undercut by the plethora of foreclosures that are plaguing the suburbs and other areas of the country. The more established a neighborhood and the closer to town it is located , the better chance it is holding steady or gaining in value. While markets such as Vegas, Miami and Phoenix have declined 20-30%, Atlanta is holding steady and actually increasing in some areas! Money is now available and rates are still very competitive. NOW IS THE TIME TO BUY!! Atlanta's market will continue to increase due to job growth and quality of life. We are still one of the most reasonable markets in the country. Let us show you the value of this market. Contact us today!