Atlanta Area - One of Ten Cities Poised to Bounce Back
According to an article at CNNMoney.com - the Atlanta area is one of ten cities that will bounce back from the housing doldrums in 2009. I will list all the cities, but first want to point out what makes Atlanta and the other nine cities candidates for this honor. #1. The first thing they have in common is that they have all remained relatively affordable. #2. They did not experience an enormous run-up in prices in the housing bubble like Florida and California. #3. Five of the ten are state capitals - with hefty public payrolls. #4. They did not attract a lot of speculators and investors that ran up home prices (this fits in with #2). #5. The employment rate and income growth have remained more steady than other areas of the country. Now I will list the 10 cities - not in any particular order along with the median homes sales price in the first quarter of 2008.
1. Atlanta - $177,750
2. Dallas/Fort Worth - $151,930
3. Indianapolis - $122,940
4. New Orleans - $153,850
5. Montgomery - $140,020
6. Memphis - $143,550
7. Mobile - $134,580
8. Austin - $186,350
9. Houston - $154,850
10. St. Louis - $143,920
affordable housing, Atlanta, home prices, median home price
