For those that have been waiting for the housing market to bottom out before purchasing a new home, you need to act NOW. Cyril Moulle-Berteaux - a managing partner of Traxis Partners, a hedge fund firm based in New York City - was recently published in the Wall Street Journal giving his opinion about the current state of the market. According to Mr. Moulle-Berteaux, we have reached the eye of the storm and can now begin working our way to the other side. The housing market has officially bottomed out as of April 2008 and will slowly begin to rebuild. We have been in a downturn in the housing market for almost 3 years because owning a home became too expensive for average Americans. However, home prices and mortgage rates have been falling, once again making purchasing a home affordable for everyone. With reasonable home prices, more people are going to be buying and we will return to the booming housing market of 2005. If you want a few more specifics, you should read the full article. Of course, if you are debating on whether or not to purchase a new home, you need to act quickly because if Mr. Moulle-Berteaux’s opinion is accurate, we could see an increase in home prices before the end of the year - especially being in Atlanta where we have always had low housing prices. The only way to ensure that you are getting the best value for your home is to purchase it ASAP, and what better place to purchase a new home in Atlanta than at 1010 Midtown. These luxury condos will provide you with everything you need for trendy life in Midtown: great amenities, spacious floorplans and an unbeatable location.

Tags: 1010 Midtown, housing market, luxury condos, new home in Atlanta