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Harry Norman, Realtors Focuses on the Housing Market

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RISMEDIA, March 4, 2008-Understanding the best way to navigate the housing market is a key concern for buyers, sellers and, based on the headlines, just about everyone looking at the economy. Several key economists track the housing market to determine when the market is most likely to recover and many are weighing the strength of a local market’s fundamentals when making predictions. By this measure, Georgia as a whole and Atlanta specifically is poised for a swifter recovery than many other parts of the country.Harry Norman, Realtors® Housing Trends 2008 showcases the opinions of a number of notable economists and housing experts that attest to the stability of our local fundamentals and the expectation of a more timely recovery of our local housing market compared to other markets.

“Many of us in the housing and mortgage industries heard the doomsday prophecies but most of us had a difficult time accurately separating fact from fiction. I am grateful that the worst predictions of total market collapse did not come to pass and that the rosy picture of limitless buying and selling finally hit the wall of necessary moderation,” said Lewis Glenn, president and CEO of Harry Norman, Realtors®.

“Since the third quarter of 2007, I have touted this period as the best time to buy. National headlines have focused on the housing market, the troubled mortgage industry and real estate closing firms. Few stories, however, have highlighted the fact that Georgia’s economy is strong and supports a stable real estate market. Georgia is the fourth fastest growing state with an expanding population and steady employment rates. Metropolitan Atlanta is also one of the nation’s most affordable cities according to a recent article in Forbes.com. Increased housing inventory levels make this a buyers’ market with steady sales prices compared to other cities. This is all good news.”

For more information, visit www.harrynorman.com.

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Categories: Real Estate