Atlanta Has Stable Real Estate Market

Posted on Thursday, March 6th, 2008

Forbes.com recently published an article announcing “America’s Most Stable Housing Markets,” and our great city of Atlanta made the list. When compared to other cities, Atlanta has a low cost-of-living. A house that sells for $200,000 here would be double or triple the price in cities like San Francisco and New York City. Banks and lenders are uneasy and reluctant to approve unmanageably large mortgage loans. But, because Atlanta’s median home-sale price is only $175,000, it is easy for people to be approved on a mortgage loan, and the city maintains consistent real estate activity.

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