Metro Atlanta housing market sees comeback - New York News

Metro Atlanta housing market sees comeback

Posted: Updated:
ATLANTA -

Houses are selling again, and that's good news for many people. In fact, there aren't enough houses on the market for the number of buyers out there looking. Realtors are starting to see what is called a "seller's market."

After years of doom and gloom, the housing market seems to be making a comeback.  But, to put it in perspective, while there is a good chance you can sell your house now, it won't be at the bigger than life prices that we got accustomed to a few years ago. If you price your house right, realtors say you can sell.

Sara Wiles is a first-time home buyer. She has the down payment and her credit is fine, but she's having a really hard time finding a house.  

"[We] can't even see a place. Can't, you know, the second we find a place it's off the market. Somebody has bought it. It's under contract. It's frustrating," said Wiles.

Her realtor, Ashley Derrick of Keller Knapp Realty, says if your house didn't lose too much value and you want to move, do it.   

"There is not a lot for sale and that's the kicker. As a realtor, we have a lot of people starting to look now. We have a ton of buyers out there. There's not a lot of inventory," said Derrick.

If you're a house hunter, it's competitive market. Wiles no longer waits for the "For Sale" sign -- she starts calling when "Coming Soon" lands in the yard.  

"You get a listing by one o'clock and you have people there by two o'clock looking at it," said realtor Mary Ann Fuller.

Fuller says it's the same great news outside the Perimeter. She says low interest rates and the recovering economy have families, who have put off moving, thinking again about buying.  
 
"I had a house in Stone Mountain, [a] nice, two-story brick, executive-style home. Listed it on a Wednesday afternoon, up on FMLS to list it, and by Friday afternoon, we were under contract," said Fuller   

According to local realtors, metro Atlanta homes prices in some areas are up 10 percent from last year.  It's great news, but sellers shouldn't expect money making miracles.

"A lot of homes are getting multiple offers which means for realtors that the house is priced correctly, they're not inflated too much. They are at the price point they should be in," said Derrick.

"Sell. Sell it. If you can afford to sell it and you're not going to take a big hit on your home, sell it and sell it to me, please. Sell it to me," said Wiles.

If you're interested in buying a home, you should know that mortgage lenders are not has loose with money as they were back before 2008. You need good credit, and you need to show that you have been employed solidly for a while.

HOT TOPIC QUESTION: Do you think the metro housing market is finally making a comeback? Post your comments on our FOX 5 Atlanta Facebook page, or tweet us @GoodDayAtlanta.

  • I-Team Story ArchiveMore>>

  • Credit Cards v Charge Cards

    Credit Cards v Charge Cards

    Wednesday, July 23 2014 7:48 AM EDT2014-07-23 11:48:23 GMT
    You always hear that it's a great idea to get rid of your credit cards, but sometimes it really is the best way to pay. So here's another option: charge cards.
    You always hear that it's a great idea to get rid of your credit cards, but sometimes it really is the best way to pay. So here's another option: charge cards.
  • FOX 5 I-Team Investigates

    Child traumatically injured in beach house elevator

    Child traumatically injured in beach house elevator

    Monday, July 21 2014 8:09 AM EDT2014-07-21 12:09:54 GMT
    Another child has been seriously injured in a residential elevator accident. This is a warning for any family renting a beach house.
    Another child has been seriously injured in a residential elevator accident. This is a warning for any family renting a beach house.
  • Governor reacts to Ethics allegations

    Governor reacts to Ethics allegations

    Friday, July 18 2014 6:40 PM EDT2014-07-18 22:40:07 GMT
    The Governor sat down with Senior Fox 5 I-Team Reporter Dale Russell for his first television interview following allegations of strong-arming by a member of his staff.
    The Governor sat down with Senior Fox 5 I-Team Reporter Dale Russell for his first television interview following allegations of strong-arming by a member of his staff.
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

  • Good Day ArchiveMore>>

  • Back to School Jamboree with Hosea Feed The Hungry

    Back to School Jamboree with Hosea Feed The Hungry

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

  • Man bikes 900 miles to help Georgia girl

    Man bikes 900 miles to help Georgia girl

    Wednesday, July 23 2014 11:05 AM EDT2014-07-23 15:05:59 GMT
    Ten time Ironman, Dave Nazaroff recently rode 900 miles on his bicycle...from Nyack, New York...to Georgia. He didn't do it to get in shape, or to win a competition; he did it to raise money for a 11 year old Callie Truelove in Gainesville, Georgia.
    Ten time Ironman, Dave Nazaroff recently rode 900 miles on his bicycle...from Nyack, New York...to Georgia. He didn't do it to get in shape, or to win a competition; he did it to raise money for a 11 year old Callie Truelove in Gainesville, Georgia.
  • 2014 Southern Living inspired home open for tours

    2014 Southern Living inspired home open for tours

    Wednesday, July 23 2014 9:37 AM EDT2014-07-23 13:37:06 GMT
    It's the first of its kind -- and if you're goal is to live a "perfectly Southern" lifestyle, it might be the home for you. The 2014 Southern Living Inspired Home is now open in Toccoa,
    It's the first of its kind -- and if you're goal is to live a "perfectly Southern" lifestyle, it might be the home for you. The 2014 Southern Living Inspired Home is now open in Toccoa, GA at Currahee Club.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices