As we head into the spring and summer market in Atlanta, some bright spots in the real estate industry may be emerging. We’ve experienced several cloudy days in the past several months, but there’s reason to believe that we may be headed into an environment of partly cloudy to sunny skies.
Based on a recent article, in the Atlanta Journal-Constitution, the nation is on its way to recovery, but Georgia may be lagging behind. We’re hoping we’ve avoided the double-dip recession and that we will continue to see some bright spots in the economy. However, jobs numbers still need to stabilize and lending needs to get back to more secure footing, but all in all we may be headed out of the storm clouds.
According to numbers from the past month, we’re seeing a slight uptick in sales and mortgages. With inventory, new listings coming on market and expireds continuing to decline, these factors all point to a more positive outlook for the real estate industry. And, when you look at current home prices and the historically low interest rates available — there really has never been a better time to buy. Here’s to a successful 2010!
Coldwell Banker Residential Brokerage, Atlanta