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Back in 2007, the Atlanta residential real estate market was over-saturated with 110,000 homes for sale. Now, five years later, the tides may be turning on the real estate industry in the Atlanta area–to the point where it may be dubbed a seller’s market.  If you’re serious about moving here, the Atlanta movers want to encourage you to get a jump on the market before it’s too late.

At current press time, the Atlanta residential real estate market is offering 60% less homes in the metro Atlanta market. That’s roughly 46,000 homes listed in the MLS. A place like Atlanta has seen few new construction projects, and is home to roughly 5 million people. Figuring in those factors, its understandable that under 50k in homes won’t go very far.

According to recent reports, home buyers in Atlanta can breathe a sigh of relief in regards to the local economy.  The Federal Reserve recently announced that interest rates will stay at their low level through 2014. In keeping with the interest rates, there is also the unemployment news–rates are down! But that isn’t all–here in Atlanta, the home price index has increased (though slightly) over the last 3 months. While it may be premature to say, it seems a go that the Atlanta market is on the road to recovery.

The Atlanta movers want to encourage potential home buyers to strike while the iron is hot and take advantage of the low interest rates. Though they’ve been extended through 2014, that doesn’t guarantee the volume of inventory available today!

Here at the Atlanta movers, we love keeping our readers informed of local events and happenings. This March, the 24th Annual Hunter Hotel Conference will be coming to the Atlanta, Georgia Marriott Marquis Hotel. The Hunter conference is one of four major annual hotel industry conferences.

The Hunter conference focuses on hotel owners, real estate and finance. Keynote speakers include Tom Corocran, chairman of FelCor Lodging Trust, which currently owns 76 hotels. There will be a total of 100 conference speakers throughout the entirety of the event.

If you’re interested in attending the conference, visit www.HunterConference.com.

The real estate market keeps taking blows, and the most recent is from the mortgage industry. The new record low for 30 year fixed mortgages, 3.87 percent, is the ninth “lowest” rate in the past year. Basically, the numbers keep dropping. And for a 15-year fixed mortgage? Another record low, at 3.14 percent.

Here in Atlanta, we are no exception to the trend. With loan qualifications increasingly difficult, job loss increasingly common and an abundance of foreclosed homes permeating the market, it seems the condition of the real estate industry is  steadily getting worse. The whole industry is suffering in terms of value. So what to the Atlanta movers feel about it? We need a way to inject faith into homeowners, buyers and builders. Who knows how long it could take to re-instill hope in the industry, but we feel 2012 just may be the year that everything falls back in to place.

While the entire country has been battling with a floundering real estate market, cities notorious for poor real estate investments didn’t take the cake in 2011 for the weakest real estate market. In fact, the “winner” in that department is right here–Atlanta. The Atlanta movers hope we can get our local economy turned around in 2012.

Residential real estate took a blow, and the price of homes was down about 12 percent compared to 2010 figures. That make Atlanta the biggest decline in the nation.  Paired with the housing market is the significant Atlanta unemployment–an above average 9.2 percent.

The Atlanta movers hear that there has been a new sale of commercial property in downtown Atlanta. The Imperial Hotel has long been inhabited by the homeless and low income families of the Atlanta metropolitan area. The last 15 years have seen the hotel house homeless and advocates at low costs–a far cry from the hot spot that it used to be back when it was one of Atlanta’s leading hotels.

Recently, the building was purchased by Columbia Residential and National Church Residences, and will remain a safe haven for the needy. Initial fears were apparent that the property might be remodeled and flipped as luxury condos, however, the goal is to provide high quality affordable housing for the needy. The current residents will be displaced while renovations are underway, however.

Buckhead has long been noted as an upscale and prominent area of Atlanta–but also one that had potentially jumped the gun and built too many new developments too quickly, such as expansive condo and apartments and also a plethora of office space. With the recession, many of these new and beautiful luxury buildings were left vacant.

However, with a new year seems to be a new turn for Buckhead. At it’s vacancy peak for offices, Buckhead was at 23% open units. Currently, that number has dropped to 18.7% vacancy. While the change may not seem significant, the Atlanta movers are hoping its a positive step in the right direction.

While residential real estate is staying busy with buyers, landlords, and renters; the commercial site isn’t doing as well–but it’s getting there. Hopefully in the first quarter of 2012 we will see some positive movements in the Atlanta market.

Currently, only 3 cities in the United States–New York City, Washington, and Portland Oregon have had a (small) rise in housing prices. Inversely, 20 U.S. cities have had declining property values almost 4% from 2010.

What factors have influenced this? A nationwide unemployment rate of 9%, tight loan restrictions, and more and more foreclosed and forgotten properties are basically dragging down the real estate market even further–it’s been a steady and significant decline since 2008, in fact.

The Atlanta movers have learned from Bloomberg that Atlanta, Las Vegas and Phoenix are now at new home price lows. The article actually says that Atlanta has had the most significant drops over the year, dropping almost 10%. As for the biggest year-over-year increase? Detroit, surprisingly.

The Occupy movements are moving on to a new cause–saving foreclosed homes. Not just for the owners, mind you, but also for themselves to basically squat in. Public spaces such as parks have driven out the crowds, so they have taken to boarded up and condemned properties and claiming them as their own.

However they do also claim to be saving homes for families being foreclosed on. In Atlanta specifically, Occupy protesters held a rally in front of a county courthouse with whistles and sirens intended to disrupt auction proceedings indoors. The auctions were of course to sell the foreclosed homes. The foreclosure protests have also been popping up in New York, Seattle, and in Southern California. The motto? “Foreclose on banks, not people.”

The Atlanta movers have learned through a Newsday article that Occupy protesters feel they are saving homes for the needy and that their acts are a sort of “Christmas gift to the people.”

While the real estate market  has had a rough year (as residential has as well), there are a few markets throughout the United States that showed in increase in market activity including sales, developments and new construction. The Atlanta movers are proud to say that our city is one of those successful markets. As the most reliable commercial mover in the Atlanta metro area, we are pleased by the strength of the Atlanta commercial real estate market and also hope that our situation only continues to improve.

According to a new article published on the Credit Union Times website, Atlanta is among a dozen cities (including Boston, Chicago, Cleveland, Dallas, Kansas City, Mo., Minneapolis, New York, Philadelphia, Richmond, San Francisco and St. Louis) that saw changes in the local commercial real estate market. Though the increases weren’t huge, they are certainly a step in the right direction.

In Atlanta specifically, rental vacancies declined, rents have stabilized, and construction activity is up from 2010.