Atlanta Real Estate Rebound… In Some Zip Codes

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It occurred to me over the weekend that I’ve had some pretty grim posts recently.  Between “”The Ring Of Death”” or “”When Bad Condos Happen To Good People””, I’ve really put out some Debbie Downers.  Of course, the real estate market has its share of depressing news…but it also has plenty of bright spots.

Lucky for me, Rachel Tobin and Tammy Joyner, superstar real estate reporters over at the AJC, have come to the rescue.   Their Home Sales Report yesterday included just the news that I was looking for.  From the Sunday AJC:

Intown home values rose while suburban home prices continued to slide. For example, prices of existing homes increased 7.5 percent to $625,000 in the Mount Paran/Northside area (ZIP: 30327), 13.9 percent to $380,000 in the 30306 ZIP of DeKalb, and 19 percent to $260,000 in the 30339 ZIP of Cobb that includes Vinings.

A few recovering zip codes may not mark an entire market’s recovery, but it’s a start.  The report is interesting, as is today’s follow up story “”Deals that feel like steals require effort“”.

If you’d like to discuss either articles, and how they might impact your decision to buy or sell real estate, don’t hesitate to contact me.

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