Atlanta’s Housing Market Picks Up
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Atlanta’s Housing Market Picks Up

The Atlanta housing market is seeming to gain momentum following sluggish spurts over the past few years. Home values for the region are also impr0ving–up 7.6 percent over higher than 2011 prices, according to the S&P Case-Shiller Home Price Report. The Atlanta price growth surpasses that of the nationwide metro, where the average growth was at 5.5 percent. The Alpharetta movers have also noticed that desirable homes are spending a lot less time on the market–some don’t even make it to 30 days before a new buyer snatches them up.

However, the news in Atlanta isn’t all good. Real estate data firm CoreLogic estimates that about 30 percent of homeowners in Atlanta are underwater in their mortgage, a status that leaves you more susceptible to falling into delinquency or foreclosure. For the time being, however, the amount of homes available to prospective buyers is dwindling, which helps replace some of the value that is lost due to dilapidated and distressed homes in some regions. Currently, local experts do still consider this to be a buyers market–so if you are on the fence about purchasing it may be time to go for it and purchase your next (or first) property.

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