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Construction companies in Atlanta have cause for concern–it’s been reported by local news that local governments are proposing the idea of charging developers more to build homes, commercial properties and offices. The fees from these projects are redirected and used to maintain parks, roads, fire stations and police facilities in the area. In Atlanta, these fees have not been touched in almost twenty years.

The Atlanta movers are concerned and also cautious at this potential change considering the delicate state of new construction and the footing that has yet to be re-established. Imposing fees right now could cause further setbacks, which is something government needs to seriously weigh. Making it more expensive to perform construction jobs and build housing will be detrimental to the fragile state of Atlanta.

According to recent reports, home prices are up in Atlanta, signaling potentially good things for the local economy. The theory is that people are gearing up to sell, and buy, in the Atlanta area. Home prices have gone up in Cabbagetown and Edgewood, and midtown prices are up about 4 percent. In addition, inventory levels have dropped. New construction is happening again in spurts–such as a development of almost 60 townhomes near the beltway. Decatur prices are up 9%.

The Atlanta movers have found that there’s been almost 5% in home price increases throughout the US, the largest in 8 years. There are still a few months left to the year, and we are anxious to see what turn the real estate market takes as the next few months roll by.

A new partnership has emerged in an attempt to move homes off of the Atlanta real estate market. Bicycle Tours of Atlanta has partnered with Atlanta Intown Real Estate Services to create informational tours for potential home buyers with properties in several areas of Atlanta. The Atlanta movers have the schedule to share with you:

July 22: Virginia Highland, Atkins Park, Midtown, Inman Park, Ansley Park, Piedmont Park

August 5: The Old Fourth Ward, Candler Park, Reynoldstown, Inman Park, Grant park and Cabbagetown

Basically, a rep from Atlanta Inhome Real estate Services will take part in the tours to distill information about various properties, the surrounding amenities and school districts, and lending options available for potential buyers.

Georgia is no stranger to the foreclosure problems of late, however the most recent rankings reports show that things are getting worse. In May of this year, Georgia shot to the top of foreclosure filings.  Georgia was #8 in 2010, #5 in 2011, #3 earlier this year and now has eclipsed the pack to come in at #1. Arizona, Florida and California have all held this notorious position in recent times.

Unemployment doesn’t help–as its up to almost 9% again for the state. County governments and schools are cutting staff and services. Loss of jobs=loss of ability to pay mortgages. Adding insult to injury, the money delegated to the state for foreclosure fraud settlement has been re-purposed by Governor Nathan Deal to attract and coax new industries to bring business to the state of Georgia. The Atlanta movers have learned a few statistics pertaining to the current state of our state:

Fulton County had 1,609 foreclosure filings in May

Gwinett Country had 1,481

Dekalb had 1,303

Cobb had 850

In better times, the average foreclosure for all 10 counties of the Atlanta metro totaled around 1700.

An application has been filed to create a new mixed-use tower in Midtown Atlanta, the Atlanta movers have learned. The building, which is set to be located at 131 Ponce de Leon Avenue, is applying to become a 285-apartment building with ground level retail space. The application will be reviewed by the Midtown Department Review Committee before it can be approved.

The property spans nearly 75,000 square feet and will join the Pei Building and two other buildings at the south end of the Midtown Mile.

The complex, if approved, will join the ranks of fellow two new apartment buildings at 12th Street and another complex at Piedmont Avenue.

Georgia has remained an “uneventful” player in the housing crisis, staying fairly centralized and not edging too close to either end of the Best/Worst housing markets in the country. But that doesn’t mean Georgia hasn’t been affected–in fact, the mediocre market that didn’t rank as worst or best is still struggling–and has stayed at a steady level of floundering for a few years now.

Now, Atlanta is rising the ranks as a foreclosure mecca. Currently, metro Atlanta is ranked at #2 for highest foreclosure rates. Douglas County, Georgia is one of the worst hit counties in the nation, with one foreclosure every 122 properties.

The Atlanta movers regret to report that our city hasn’t bounced back. Foreclosures have spread to nearby areas like Gwinett and other neighborhoods southeast of 85 and southwest of 75. While there is an influx of movers to the metro areas located near high paying jobs, the margin of middle class Georgians has left an unsettled real estate market for Atlanta and beyond.

A property developer from Atlanta made a substantial purchase this month: the unfinished Landmark Hotel was sold at an auction in Charlottesville to an Atlanta developer, John Dewberry. Dewberry is the owner of Dewberry Capital, a company that builds shopping centers and urban highrises. He is the owner of several successful developments on Peachtree Street.

The Atlanta movers are excited for a successful Atlanta entrepreneur to acquire property in nearby Charlottesville, as it will bring more positive business connotation to our city. The Landmark has become a stagnant real estate money pit, and Dewberry plans to pick up where the construction left off and create a luxury hotel.

If you’re looking for a place to invest in real estate, the time is now in Atlanta, Georgia. With steady population growth and a Top 10 ranking by Forbes Magazine as a new construction location, there are many opportunities that abound in Atlanta. Atlanta is the #1 rental market in the nation, and CNN Money even named it the 4th best city to invest in within the US. So what are you waiting for?!

Here at the Atlanta movers, we’ve shared with you how housing costs in Atlanta are at a low. Take advantage of the current market trends and purchase property in the bustling Southern metropolis of Atlanta, GA! Current numbers show Atlanta as the 4th most affordable city in the US according to Forbes.

The hopes of Spring real estate sales may have come true in some areas of the country–but for Atlanta, home prices are still falling and recovery seems light years away. The Georgia metro joins the ranks of Detroit and Chicago as areas seemingly immune to the real estate recovery taking place throughout the nation.

However, low pricing isn’t necessarily a total bad thing–one Atlanta realtor reported that the backlog of homes on the market has decreased dramatically, and that sales are steady. In fact, this realtor signed 42 home contracts in year, a drastic improvement from the 25 total he signed last year. The Atlanta movers hope the early successes of the year strengthen the market here in the city and contribute to the rise of home values before the year’s end.

For the first time in almost a year, real estate prices are on the rise in Atlanta. According to a new release by Standard & Poor’s Case-Shiller Price Index, the Atlanta metro home prices are on the rise–and following 8 months of declines, it seems April showed a 1% increase in listing prices.

Construction permits for new residential construction are also on the rise–potentially a sign that things are looking up for the Atlanta real estate industry. While these numbers are from April, it is standard for S&P’s reports to be dated 60 days retro. The Atlanta movers will be sure to share current news as it becomes available. Here’s to a busy real estate summer in Atlanta!