Atlanta Housing Outlook 2009

As we are recovering from the holiday season, many of us in metro Atlanta are wondering when the housing market will return? With inventory numbers at 75,000 homes and condos for sale it would look like a stronger market is coming. Atlanta is recovering and good things are happening.

With a foreclosure rate increase of 80% from 2007 to 2008, Atlanta's metro counties have received funding from HUD to revitalize communities. These counties which have received these funds are Cobb, Dekalb, Fulton and Gwinnett. Gwinnett received 10 million dollars and has allowed non profit and for profit organizations to apply for a grant to receive funding to purchase and rehab homes in Gwinnett county. Taking these homes and repairing them will do nothing but better Gwinnett County. Though our unemployment numbers are high, I predict that over the course of 2009 we will see these numbers decline. All we need to do is hang in there.

Margo and I are asked is this a good time to sell? Yes. We have less homes for sale. So if you are needing to move give us a call. Happy 2009 to everyone!