Atlanta, GA Real Estate Market Outlook
My first post!
I'm a newbie looking for my first deal. I just started reading The Ultimate Beginners' Guide to Real Estate Investing and I ran across the explanation of the Real Estate Market Cycle. My question is, where do you think the market cycle is for the Atlanta, GA area? I understand that every county/zip code can be different so if you want to go into a specific area, please do!
Refresher:
The Peak: Prices are at an all-time high, inventory is down. Multiple offers are common, even above asking price
The Tipping Point: Prices begin to fall. Foreclosures begin rising
The Decline: Proces continue to fall, foreclosures flood the market. There is a fear of buying
The Bottom: Prices bottom out, there is excess inventory. Deals are plentiful and cash-flow is at an all-time high
The Climb: confidence improves leading to more sales. Declining inventory and rising prices.