Recently, President Bush signed the housing stimulus bill turning it into the Housing and Economic Recovery Act of 2008. While there are many aspects of this piece of legislation that will help the real estate market and economy, the shining jewel for the real estate industry is a $7,500 tax credit for first-time homebuyers. Meaning, anyone who has not owned a home in the past three years that purchases a home before July 2009 will receive a $7,500 tax credit. This one aspect of the Housing and Economic Recovery Act will give the real estate market the boost it needs to rebuild. This incentive is going to build consumer confidence and bring more buyers into the market to absorb the current amount of inventory. Once the inventory supply decreases, the real estate market will be back to a steady and successful housing market, and you won’t be able to find the great deals on new homes that are currently available.

This is quite possibly the biggest incentive to hit the real estate market in decades, and many home shoppers that have been on the fence about purchasing a new home are no longer going to have any reservations. So, if you are an empty-nester looking to downsize to a new home of a more manageable size, but have been reluctant to put your home on the market because of the slow economy, now is the perfect time to sell. There are going to be a lot more buyers than there were in previous years due to this amazing tax credit, so selling your current home is not going to be as difficult of a task. Then, you’ll be free to purchase a new, luxury Atlanta condo at 1010 Midtown and begin living the easy,

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Construction is continuing full-speed ahead with 1010 Midtown. The unique architecture of the development, which accents the curve of Peachtree Street, is not the only thing making these new condos in Midtown one-of-a-kind. 1010 Midtown is the ultimate mixed-use development -  featuring Atlanta’s most trendy restaurants, retail, offices and recreation within walking distance to the condos. In a time when gas prices are at a record high and continuing to increase on a daily basis, having all of life’s necessities only a short walk away is a huge incentive. And while the much desired location on the Midtown Mile is a reason in itself to purchase a new home at 1010 Midtown, it does not even cover half of the benefits that this extraordinary high-rise offers residents. The one-, two- and three-bedroom condos at 1010 Midtown are adorned with the  most luxurious features, including floor to ceiling windows with breathtaking views of Downtown Atlanta and Buckhead, 10-foot ceilings, hardwood floors, wood cabinetry, granite countertops, frameless glass showers, tiled baths with garden tubs and more. Need more reasons to look at 1010 Midtown?

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Forbes Magazine recently released the 10th annual “Best Places for Business and Careers,” and our fabulous city of Atlanta has skyrocketed from the 25th position last year to number SIX this year. We are the 6th best place to live to further your business or career. We have a very diverse economy and pro-business environment that supports career growth for any professional, from entry-level to CEO’s. In addition we are home to the corporate headquarters of many national and even international  companies like Delta, Home Depot, IBM and AT & T to name a few. And for anyone that has ever tried to fly out of Hartsfield-Jackson airport, you can attest to the fact that it is the busies passenger airport in the world. All of these factors helped bring Atlanta up in the rankings, and it makes us proud to see our city rise so significantly in only a year’s time. Something else you may  not have considered that weighed heavy on Atlanta’s placement is our drastic decline in crime rate. All in all, we should be proud to call this happening city home, and welcome those that relocate looking for the business opportunities that we provide.

So, if there happens to be a new employee at your company that is brand new to Atlanta, you should turn them to the best places for meeting people, dining, shopping and living. 1010 Midtown, located on the Midtown Mile, is the absolute best place for anyone new to Atlanta

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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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