November 20, 2008

All markets are different. During the next few years, some housing markets will turn around faster than others. How do you know when your particular market has reached its bottom? If you wait until others pick over the great deals, you'll miss the bottom.

Keep a track of how many properties are listed from month to month. Once you start to see a reduction in inventory then that may mean that buyers are starting to buy. There could be two reasons whey inventory is reducing – overpriced homes may be taken off the market and sales volume could be picking up. You can find out this information from your local real estate agent.

Keep reading national and local newspapers. If your local media reporters are now starting to interview experts in your market and asking questions like, “Have we reached the bottom?” then that might be a sign that there may be a shift.

Talk to your friends and co-workers. How are they feeling about your local economy and housing prices? Are they more optimistic now than they were 3 months ago, or even last month?

Consumer confidence will be a big part in the housing market turning around.

Be on the lookout for mortgage interest rates stabilizing and mortgage companies start to ease lending restrictions.

One of the biggest indicators is when prices have stopped dropping. The secret is to buy before they start to inch back up again!

I’m not suggesting that you wait till the absolute bottom of your market to buy. You have to look at a home as a place to live, not an investment. Only you can determine what an affordable monthly payment is relative to the value of the home you are purchasing. There are individual homes for sale that can be bought at the bottom of your market, even if homes in general have not reached that mark.

Talk to a trusted real estate agent – we can help!

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Local Information for Atlanta, GA

Latitude: 33.759506 -- Longitude: -84.403176

ZIP Codes for Atlanta, Georgia	30301 30302 30303 30304 30305 30306 30307 30308 30309 30310 30311 30312 30313 30314 30315 30316 30317 30318 30319 30320 30321 30322 30324 30325 30326 30327 30328 30329 30330 30331 30332 30333 30334 30336 30337 30338 30339 30340 30341 30342 30343 30344 30345 30346 30347 30348 30349 30350 30353 30354 30355 30356 30357 30358 30359 30360 30361 30362 30363 30364 30366 30368 30369 30370 30371 30374 30375 30376 30377 30378 30379 30380 30384 30385 30386 30387 30388 30389 30390 30392 30394 30396 30398 30399 31106 31107 31119 31126 31131 31132 31139 31141 31145 31146 31150 31156 31191 31192 31193 31195 31196 31197 31198 31199 39901
Area Code for Atlanta, Georgia	404
Time zone for Atlanta, Georgia	EST

Other Area Cities: Jonesboro, GA Atlanta, GA Decatur, GA Riverdale, GA Stone Mountain, GA Tucker, GA Belvedere Park, GA Brookhaven, GA Chamblee, GA College Park, GA Doraville, GA Druid Hills, GA East Point, GA Gresham Park, GA Roswell, GA Sandy Springs, GA Scottdale, GA Mableton, GA North Decatur, GA Smyrna, GA North Atlanta, GA Lithonia, GA Marietta, GA Conyers, GA

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Atlanta is the capital and most populous city of the state of Georgia, and the central city of ninth-largest metropolitan area in the United States. One of seven American cities classified as Gamma world cities, Atlanta ranks third in the in number of Fortune 500 companies headquartered in its metropolitan area. Its airport – Hartsfield-Jackson Atlanta International Airport – is the world's busiest, both in terms of passenger traffic and landings and takeoffs. The city's northern section, Buckhead, is consistently ranked by the Robb Report as one of the most affluent communities in the United States, comparable to Los Angeles' Bel-Air and Manhattan's Upper East Side. Atlanta features the world's largest aquarium, the Georgia Aquarium. The aquarium features over 100,000 specimens in tanks holding approximately eight million gallons of water. One unique museum is the World of Coca-Cola featuring the history of the world famous soft drink brand and its well-known advertising. -- Source: Wikipedia.com

Georgia 2000 Census Population Profile Map

	Atlanta	Georgia	United States
Population	416,474	8,186,453	281,421,906
Median age	31.9	33.4	35.3
Median age for Male	31.2	32.1	34
Median age for Female	32.9	34.6	36.5
Households	168,147	3,006,369	105,480,101
Household population	387,527	7,952,631	273,643,273
Average household size	2.3	2.65	2.59
Families	83,182	2,111,647	71,787,347
Average family size	3.16	3.14	3.14
Housing units	186,925	3,281,737	115,904,641
Occupied units	168,147	3,006,369	105,480,101
Vacant units	18,778	275,368	10,424,540

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November 20, 2008

Local Information for Atlanta, GA

Latitude: 33.759506 -- Longitude: -84.403176

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