This is just another piece of evidence supporting the fact that you can’t listen to national news about real estate. The real estate market is LOCAL, and while many markets have experienced a decrease in home value over the last year, Atlanta has not. In fact, many homes are worth more today than they were a year ago, according to AJC writer John Adams.  The fact that Atlanta had an increase in home prices in 2007 is not a commonly accepted piece of information by Atlanta residents. He also conducted a poll and asked everyone he saw if they thought home prices were up, the same or down from last year, and almost everyone said that prices were down significantly. While the rumors support a decrease in home prices, the statistics prove otherwise. Adams attributes our increasing home prices to the fact that

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John Adams gave some “Inside Advice” in the AJC earlier this year about why now is a great time to buy a home. His points are valid and could possibly shine some light on those of you waiting to purchase a home until the economy stabilizes. So, peruse the next few points and then begin your search for a new home in Atlanta at 1010 Midtown:

• Interest rates are close to being at a record-breaking low. 30-year fixed rate loans are hovering around 6%, helping to make monthly mortgage payments quite a bit lower than they usually are. This is a prime opportunity to affordably get locked-in to a long-term loan.
• Atlanta’s economy is strong and growing. We have successfully dodged the horrendous real estate slump that Florida and California are suffering from because of our strong job market. By creating new jobs on almost a daily basis, our

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The Atlanta population was among the nation’s top gainers in 2006 and 2007, number two to get technical, with a growth of over 151,000 new residents. Our population is now more than 5.2 million, and still growing! As we have been reporting, Atlanta has a huge job market which is the main contributor to our population growth. According to the Metro Atlanta Chamber of Commerce, we had a net growth of 55,000 jobs last year. And these people that are relocating to Atlanta are coming from areas where houses are extremely expensive, making condo life the standard norm. Thus, when they move to our city with its low housing prices and fantastic deals, they jump at the opportunity to purchase a new condo in Atlanta before the prices rise and the savings vanish. So, if you are considering moving into a new residence, you should follow the lead and seize the opportunities available now. Once the supply decreases and the demand remains constant, you won’t see today’s prices for long.

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You should definitely plan on attending the buyer event this Saturday, April 19th to learn more about 1010 Midtown. In addition, Closets & More is going to be on-site to help new homeowners get some ideas on creative ways to organize closet space in condos. This is a handy piece of information for homeowners at 1010 Midtown because, being located on the Midtown Mile, residents will be in close access to numerous retail stores. And knowing how to maximize the closet space in your condo is going to be very beneficial as more and more stores move into the neighborhood and your clothing collection increases. However, more than learning how to organize a condo closet, attendees will receive all the information they want to know about the new condos in Atlanta at 1010 Midtown. Learn about all of the available floorplans and units, get an overview of the entire 12th & Midtown project, hear the standard features and what is available for upgrades and peruse the amenity package. So, make plans to visit the 1010 Midtown sales gallery on Saturday to learn how to optimize space in a condo closet and also gather more information about the hottest new condos in Atlanta. For more information about the event, call 404-815-4622 and we’ll see you on Saturday!

The mission of 12th & Midtown initiative is to provide Atlanta residents with an unmatched Midtown lifestyle. Many other communities in Atlanta real estate claim to be mixed-use or live/work/play, but none go above and beyond the expectations of homebuyers the way that 12th & Midtown does. Phase I, also known as the new Atlanta condos 1010 Midtown, which anticipates a completion date later this fall, offers potential homebuyers luxurious homes with exceptional amenities like a swimming pool, park, fitness center and more. Also included in this 35-story high rise development is 50,000 square feet of retail, which will feature national and international retailers, fine dining restaurants, wine bars, local pubs and more. As if these 50,000 square feet weren’t enough for the residents at 1010 Midtown, Phase II of 12th & Midtown, which has now begun construction, will include 60,000 more square feet of retail. This means the addition of a steak house, tavern, piano bar, restaurants, cigar lounge, fashion retailers, signature boutiques and more. Residents at 1010 Midtown will never lack for things to do with such an enticing strip of restaurants, bars and stores right out their front door.

The 1010 Midtown development team is celebrating with high spirits today as the tower’s last beam is put in place. Hard work and long days have paid off big time as the architecturally unique building finally tops out. The building was designed to accentuate the curve in Peachtree Street, resulting in spacious condos with unique floorplans. Now that the building has topped out, construction will move indoors to complete every unit. In fact, homeowners at 1010 Midtown get to enjoy a private reception later this month where they will have the opportunity to visit their new home and mingle with future neighbors.

Homeowners are expected to move in this fall, which is rapidly approaching. Now is a great time to buy, and these one-, two- and three-bedroom condos have something for every lifestyle,

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Representing the new face of Midtown, the W Hotel recently opened its new 14th Street location. The W Hotel chain has always been considered one of the most prestigious and luxurious hotels worldwide. And now they have chosen the Midtown Mile to be their newest location. Of course, being the Midtown Mile, we would expect nothing less than restaurants, retail stores, hotels and residences with the most prominent reputations. Located in the W Hotel, is the hottest bar in Midtown and a fantastic, unique new fusion restaurant. And, these two new hot-spots in Atlanta are located within walking distance to the new high-rise condominiums, 1010 Midtown.

Whiskey Park infuses a touch of rock & roll with lots of glam and a dose of allure. This new after-work watering hole is rapidly becoming the place to be seen in Midtown. Offering signature cocktails and exquisite decor in the heart of Atlanta’s most popular business district, Whiskey Park is booming with some of the most influential people in Atlanta on a nightly basis.

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This photo from the webcam shows that 1010 Midtown is getting closer and closer to topping out! 1010 Midtown is a new condominium high rise development in Atlanta currently accepting pre-sales, and, now is a fantastic time to buy because, as we have been reporting, the Atlanta real estate market is expected to turn around this year. So, 2008 brings back a stable housing market and the completion of the greatest new condominium high rise in Midtown - talk about a fantastic year! Reserving your spot now on the Midtown Mile is a wise choice, as in two years time this will become the most desired strip of real estate in all of Atlanta: both commercial and residential. Imagine walking out the front door of the building and looking directly into a Luis Vuitton, Versace, Manolo Blahnik or Gucci. At 1010 Midtown, this scenario is reality as the

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Good news for the Atlanta economy - while 2007 was a struggle due to the residential real estate downturn, things are expected to turn up by the third quarter of 2008. At least, this was the consensus of the KNOW Atlanta Annual Advisory Board Luncheon, in which the panel of advisors, alumni and selected guests gathered to share news about the current state of the local economy and predictions for the future. What they decided was that even though we took a hit with the real estate market, Atlanta’s job market continues to grow with national and international business relocations. In fact, by the year 2020 metro Atlanta is anticipating 2 million more people to move to the area. Atlanta is a continually growing city, once again making it in the top four of the Forbes magazine fastest-growing cities. With the strong job market, the residential real estate market is expected to turn around soon.

If in the market for a new home, look no further than 1010 Midtown. For more information, call 404-815-4622

Although Atlanta suffered from a few tornadoes last weekend, the construction of the new condominium high rise, 1010 Midtown, is still going strong. In fact, new aerial photos were recently taken, showcasing the fact that the building is close to topping off. Once the exterior of the building is complete, construction will begin on developing the unique floorplans of every unit. Things are coming along smoothly, and now is the best time to purchase a new condo because buying early on in pre-construction allows the most flexibility in floorplans, pricing and unit options.

1010 Midtown is a Midtown Atlanta condo high-rise that will be 35 stories upon completion with 443 units. Floorplans range from one bedroom to three bedrooms, and will be priced from the $220,000s to more than $1,000,000. With an ideal location on the Midtown Mile, the building offers street level access to fine retail shopping and exquisite Atlanta restaurants. For more information on 1010 Midtown, visit www.1010midtown.com.