We Are GaREIA Issue 3, September/October 2015 | Page 7

   Owner-occupants are having an easier time of getting funding for home purchases, creating a larger pool of buyers The local inventory is down slightly, as is time on the market. Hence, more demand! Most sources agree that median home prices are also slightly higher in August than in July. A growing demand for industrial real estate in Atlanta is fueling a growing demand for residential housing as well. All the people moving to the area for work need somewhere to live! Basically, plenty of opportunity and plenty of reasons to get active – or stay active – in our local market! Finally, let’s conclude with some interesting facts about Atlanta-area real estate…    Median list prices are flying upward from $250,000 last month to $259,900 this month. “Sports-Venue Madness” is bringing optimism to neighborhoods all over the Atlanta area, including Cobb County (future home of the Braves) and in the English Avenue area, near the future Falcons stadium. Also, could the Hawks be heading toward a new roost as well? Investors are still extremely active in the area, although institutional entities are moving out. Great news for “mom and pop” investors who can take advantage of new high prices and lower levels of competition. Tell me what you think! Email [email protected] with your own investor insights and you could be featured in the next market update. Let me know what you want to know.