Atlanta Real Estate Forecast
As 2006 comes to a close many of us begin looking toward 2007 and what the new year will hold. During much of 2006 the buzz words on the national news programs have focused on terms like “The Housing Bubble” or “Real Estate Bust”. Fortunately for those of us living here, the Atlanta market remains one of the nations most stable and affordable markets.
So what should we expect for 2007? Long term interest rates should remain stable at or near today’s levels, which is historically attractive and low. Homes should continue to appreciate moderately in the 3% to 5% range annually. Of course location, amenities and schools continue to be important factors in the value of homes. Recent legislation making mortgage insurance tax deductable for 2007 should not be considered as a factor due to the uncertainty of whether or not the deduction will be extended or made permenant.
For many Atlanta residents, the dream of homeownership will become a reality in 2007. Finally getting out of an apartment and into a home that they own is going to happen. Whether a “first time buyer” or “move up buyer” for that expanding family, 2007 should be a very rewarding year for many.
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3 Responses to “ Atlanta Real Estate Forecast ”
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Thank you for the info. I look forward to updates as things change in the future.
This blog is a piece of crap.
It’s nothing but an ad for Bowen homes.
Get a life, losers!
Well Blog Reader aren’t you in a plesant mood today. First off this blog is not an ad for Bowen Homes. In an effort to provide information about new home sudivisions, builders have been invited to submit their subdivisions for inclusion. With the holidays, Bowen happens to be one of the first to submit. If it was an ad there would be a charge for the service, however I am providing this as a service for visitors looking to gather information about the area.
Had you taken the time to read all the posts, I guess you would have also considered this blog to be an ad for the Georgia Aquarium, Callaway Gardens, Stone Mountain Park, Lanier Islands and the Chick-Fil-A Bowl to mention a few. Knowing that you probably will not return to read this reply, it is here to clarify that this blog is not an advertisement.
As the administrator of this blog I could have just removed the post from Blog Reader, but in the true nature of blogging I welcome all comments as long as they are not profane or attempting to sell perscriptions.