Is the Atlanta Real Estate Market Heating Up Again? Find Out On the Webcast…Posted on August 11, 2011 by
More and more I am hearing positive predictions for the housing market for the second half of 2011, as well as certainly for 2012 and beyond. I had the pleasure of hearing local economist Roger Tutterow recently, and he echoed some of the positive positions I have read and heard elsewhere. He noted that economic expansion truly resumed in the 4th quarter of 2010, and noted that consumer confidence always lags economic upturns. He noted that the risk of a double dip recession was a low 15%, and that with inflation coming back into the picture rates will be increasing by late this year or certainly next year. Of particular interest to us, he noted that homes in Atlanta are now fairly valued, the bottom has already occurred, and we will see a return to normal in 2013 or 2014. This matches the Case-Shiller forecasts for a return to a sellers market in that timeframe, and a likely housing shortage by 2015.
Just last week RISMedia ran a story entitled “Experts Agree Prices Have Bottomed Out and Will Stay There”, with Robert Shiller (of Case-Shiller) noting that the US residential real estate market is at an historic turning point. We also know, from Inman News and from the Keller Williams “This Month In Real Estate” reports, that we are at all all-time best in the affordability index. And, as previously shared, in April Fortune Magazine stated “In Atlanta, Las Vegas, and Miami, it’s now between 11% and 33% cheaper to OWN than to RENT.”
So, how can you take advantage of all this going forward, to have the BEST SECOND HALF you have ever had?
That’s easy! Join me on the Atlanta REIA What’s Hot in Real Estate Investing Webcast on Tuesday, July 16th at 7PM on GoToWebinar and learn what is really happening in the Atlanta Market and where it is happening. Things are really starting to heat up again if you know where to buy and sell. Register now for FREE and join me on the webinar on Tuesday. See you there!