Why Atlanta Continues To Be A Good Investment

With the economy undergoing a marked decline in recent years, the real estate market in general took a pretty big hit. Areas that are usually at the top of the real estate market have tumbled a bit and others have begun to climb their way up. One of the most attractive areas for home buyers at this moment is Atlanta, where job growth and property availability have combined to help improve conditions in terms of home sales.

Just a few years ago, we were hearing entirely the opposite news about Atlanta real estate, with available housing on a rapid decline, but that has turned around sharply within the last couple of years and now, according to CNN, Atlanta is looking at an astonishing 6% increase in home ownership over the next five years. In 2015 alone, homes sales are forecasted to be at a whopping 11% above the previous year.

So what is responsible for this amazing change of fortune? Among other things, Atlanta seems to be bucking the national trend and seeing a healthy amount of job growth. Recent statistics show that job rates have increased at better than 2% a year over the last few years. That may not sound like much, but it is actually quite substantial compared to overall job rates on the national level.

New home inventory has not been keeping up with this growth, and at a median price of $271,000, affordability is not a big draw either, but that hasn’t stopped interest from spiking in this urban hub. Atlanta remains a big draw for young urban professionals as well as young families, and with everything that the city has to offer that doesn’t look to change any time soon. From restaurants, to museums, to sports venues, the city has plenty to offer and more than its share of Southern charm to boot. That’s why when it comes to real estate Atlanta is such a great choice.

Interest is up in all of Atlanta’s neighborhoods, from the suburbs to downtown. Everything from Roswell to the Old Fourth Ward has seen its share of potential home buyers coming in and driving up the market. Corporate interest is also high, with job growth spurring consumer interest that in turn peaks the interest of companies big and small, who are looking to buy into everything that this vibrant city has to offer.

That increased interest has been reflected in a fairly rapid turnaround rate when it comes to home sales. Realtor.com reports that homes in Atlanta are being turned around in an average of 60 days, which is far below the national average of 98 days. With demand increasing for homes, the stability of the Atlanta real estate is assured. That makes this as good a time as any to test your feet when it comes to property investment in Atlanta.

Financial stability is hard to come by these days, but there aren’t many better bets than real estate investing in the Atlanta metro area. You’re likely to find an affordable house with a quick turnaround, making it the place to be. And once you’ve made that jump, you’ll find there’s plenty here to keep you interested, so it’s an investment you can count on, with minimal risk. That’s the charm of Atlanta, so why not try it out for yourself?

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