Roost Realty
fortune magazine

Atlanta #1 City for Home Buyers

April 7, 2011 by · Leave a Comment 

The April issue of Fortune Magazine featured an article on the 10 best cities for home buyers. Atlanta topped their list. Duetsche Bank looked at the cost of renting vs. owning.

I heard a fellow REALTOR joke the other day that Atlanta is on sale. That is a way to put a different spin on the slide in value that some (many) of our neighborhoods have experienced. Even Fortune magazine declared that the Atlanta housing market is on ‘clearance.’

One thing I have certainly noticed is a lack of good homes on the market. I have been working with several buyers that are just waiting to see what hits the market. Currently many of the markets are so flooded with foreclosures and short sales and there are some buyers that just don’t want to go that route. I think many Sellers are not even attempting to sell because they are scared off by the numbers they see on the nightly news.

March and now April have been very busy here at the Roost. On listings we have seen our showings pick up. Buyers have been out house hunting more than I have seen in probably 18-24 months. Overall, the market is showing a lot of homes as pending, under contract. I am watching with great interest to see what price those homes will close. Once we start to see closings we will be able to better predict the near future of home pricing.

One thing we have seen is a sense of optimism in pricing. That typically will result in a slight rise in prices.

– Mindy

http://money.cnn.com/galleries/2011/news/1103/gallery.best_cities_for_buyers.fortune/

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