Buy a home in Atlanta: Make over $40,000 in 4 Years

With house prices falling around the country, many renters and others are wondering if now is the time to buy. And the answer is Yes, if you currently live in the Atlanta Metro area or planning to relocate to the Atlanta Metro area.

According to new data compiled by the National Low Income Housing Coalition and the Center for Economic and Policy Research, those in the Atlanta market are better off buying despite falling home values in some areas. In fact, it is projected that those who purchased a home this year in the Atlanta Metro area would have over $40,000 in equity built up in only 4 years. How is that for a great return on investment?

To obtain the full report or to begin looking for your home in the Atlanta Metro area, contact me today.

Related Post: Atlanta Home Prices: Relatively Small Decline

Atlanta Home Prices: Relatively Small Decline

In a recent interview, Princeton economist Paul Krugman spoke with Fortune's Jia Lynn Yang about the economy and the outlook for home prices in which he specifically mentions the Atlanta market. See what he has to say.

How far do you think home prices will fall?

My preferred metric is the ratio of home prices to rental rates. By that measure, average home prices nationally got way too high. We'll probably basically retrace all that. So that's about a 25% decline in overall home prices. Only a fraction of that's happened so far. Of course, it varies a lot. In places like Houston or Atlanta, where home prices have not risen much compared with underlying rents, the decline will be relatively small. In places like Miami or Los Angeles, you could be looking at 40% or 50% declines.

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Related Post: Buy a home in Atlanta: Make over $40,000 in 4 Years