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The surge of new construction projects in the Atlanta area has had local insiders stating that the Atlanta real estate industry has the ability to gain momentum similar to the success that it had in recent years prior to the economic recession. The Alpharetta movers have found that several high profile projects such as expanding the Beltline, redeveloping the Sears building and the new construction of a $1 billion stadium for the Atlanta Falcons are a few examples of where the commercial construction is soaring.

This string of development is being compared by industry professionals as the most popular time for urban redevelopment since the early 2000s and even draws comparisons to when the Olympics were held in Atlanta (bak in 1996). Big names like Coca Cola, Delta and other national brands with anchors in Atlanta continue to contribute to the area’s prosperity.


According to recent comments regarding the real estate availability in the Atlanta metro area, there is a slim market of available housing in the region. The lack of homes available for new buyers has stiffened the existing market as many homeowners hold on to their properties in an attempt to recover from underwater mortgages. The Atlanta movers have found that the current available inventory in the area is down 32 percent this February in comparison to February 2012. The drop in inventory is poised to be a positive sign for the area as the demand for new homeowners to make purchases grows.

For now, experts say the local market is still on the side of buyers. If you can find a property that you like, the prices and interest rates are still historically low. Despite small rises in Atlanta metro house prices, the growth is minimal and isn’t back up to the value that these properties once held. Prices eventually will increase, however, and the market will shift in favor sellers–quite likely at some point in 2013.


Decatur is poised to be the location for a huge development in the coming months. According to reports, Carter USA, a developer based in Atlanta, is planning to build a mixed-use complex that will encompass 2.5 acres in downtown Decatur. The exact site of the pending building is at 315 West Ponce de Leon Avenue. A discussion on the projected plans for the space will be presented to the property owners this month at Decatur City Hall.

The construction required to achieve the desired complex involves the addition of 240 luxury apartments and 10,000 square feet of retail space. The Decatur movers have learned that the plans for the development include adding on to the existing Decatur Court Building, which is a 125,000 square foot office complex that will anchor the coming construction.

The meeting to discuss plan progress will take place March 13,2013 at 7pm at Decatur City Hall.

 


The new year has shown to be a promising time for the Atlanta commercial real estate market. Investors have broken ground on a variety of commercial developments, such as apartment complexes and mixed use office/retail projects. Investors are benefiting from the surplus of lending availability that is currently flooding the market, and these financing activities are ways for new projects to keep the construction crews in the Atlanta metro employed and busy, which is fantastic for the local economy as a whole.

The Atlanta movers have a boost in their faith in reference to the current state of the Atlanta market, and we are hoping that the positive figures and growth continues throughout the duration of the new year. So far, we believe that the Atlanta metro economy is stabilizing, and we hope this proves to remain the case.


As we settle into 2013, there are some clear positive signs in the Atlanta market that have us poised for a great year. Tell tale signs such as a growing employment arena, rising incomes, increased home sales and real estate activity and small steps out of the recession that has plagued the area throughout the past few years. The Marietta movers are also aware, however, that there are some elements of these positive areas that are humbling, such as the addition of jobs is growing–but growing with retail and low-paying positions. Of course, we must remember that growth may be a little bit at a time, and even low paying jobs are a step in the right direction from where we were before.

The state of Georgia suffered the recession harder than many other US states. The unemployment rate has steadily been above the national average, with the current 8.6 percent expected to dip to 7.5 percent following job additions throughout 2015. Technology is a strong field, and 400 viable jobs just launched in Alpharetta by service industry conglomerate Ernst & Young. Growth in this area will continue to strengthen the massive metro and improve quality of life throughout the region.


State Farm, the well-known insurance company, has announced plans to expand inside operations to three different US markets–one of which is Atlanta. The expansion comes as positive news to the Atlanta metro area as an additional means of creating employment opportunities in the region. State Farm has already gained attention in the region as a corporate real estate collector, a previous sign that the company had intent to open up additional shops in the Atlanta metro. With an existing presence in Atlanta, the idea to grow is coupled with growth plans for Dallas and Phoenix as well.

The Atlanta movers have not received details yet about specific job openings or if positions will be filled with internal relocations, but recent months have shown continual growth in terms of State Farm staffing needs. There is still a possibility as well that State Farm could shift corporate operations to the Atlanta suburb of Sandy Springs.


A famous home has hit the Atlanta real estate market, the same home that Jessica Tandy and Morgan Freeman operated in and out of for the 1989 film “Driving Miss Daisy.” The home, which dates back to the 1920s, is a classic Georgia home with approximately 6,140 square feet to offer. The Atlanta real estate gem houses 5.5 bathrooms, six bedrooms, and a price tag just under $2 million.

The home is located at 822 Lullwater Road in DeKalb County and includes a guest house with 2 bedrooms and 1 bathroom. There is a large open lot ideal for a playground or robust garden, and the style of the home has been dubbed new traditional. You can view the MLS listing here and also check out photos.


Atlanta area home sales are growing month over month, but the listing prices for homes in the area isn’t reflective of that trend quite yet. Despite the fact that demand is there, local professionals have shown concern that the market is still to fragile to raise prices significantly. The Alpharetta movers have found that the appraisal industry might be the cause–considering demand is up, supply is dwindling and new construction is picking up, all signs point to higher prices and a strengthening market, yet that is not the case.

One reason for cautious pricing likely stems from the sky-high prices that Atlanta properties held from before the recession that left many homeowners falling upside down on their mortgages and also into foreclosure proceedings. Additionally, houses that are in depressed state, such as foreclosure, short sale, and bank owned, drag down the value of nearby homes, so until that aspect of the market calms there isn’t much hope for rising Atlanta real estate prices.


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.


Atlanta’s historic Clermont Hotel (a city landmark) has been sold to Philip Weker and Ethan Orley of Clermont Hotel Partners LLC, a commercial venture that plans to remodel the aging Clermont into a trendy boutique hotel. The hotel’s famous and boisterous basement lounge will remain open, though the long term fate of the lounge is unknown.

The famous Clermont Hotel is located in the Poncey-Highland neighborhood that attracts young professionals and destination shoppers. Tattoo parlors and a flagship Urban Outfitters are also in the neighborhood. The Atlanta movers are curious as to what renovations the team has in mind and what sort of style they will bring to update the old building. New developments are also coming to the nearby the Virginia-Highland and Old Fourth Ward areas.