My New Blog

During 2008, many home builders struggled to sell their standing inventory, as home buyers feared dropping prices may have them over paying, or that the builder would go bankrupt before they could close on their purchase.

Due to the current economy and revised lending practices, there has also been an extremely limited number of new starts in the new homes arena.  This means a limited number of new homes and new homes communities have come on the market.  This is good news, in that it increases competition and decreases the number of homes available for sale, which will in turn speed the recovery of the housing market.

Metrostudy’s Atlanta division has confirmed this with their recently released first quarter report which concludes inventory at a nine-year low, with only 20,657 units under construction or finished and vacant in the 22-county metro Atlanta region.

I have been visiting some new homes communities and have seen the sales upswing.  I love to see consumer confidence come back!!  There are still good values and with the 1st time buyer tax credit paired with interest rates, it truly is a GREAT time to invest in yourself by buying a home.