There is some new news coming out of our area. In the Atlanta area the inventory of homes is about at 8 months. This is about 4 months below the National average. There is talk about, are you ready, a potential housing SHORTAGE in 2010!!!
We do see in the mountains inventory shrinking in the lower price ranges. I believe this is due to the first time buyer incentives that are out there. Many of the folks we are working with are first time buyers.
This should be tempered by the unemployment which is still going up. There are a couple of unknowns out there. Our mountain market is effected by others moving in. Mountain property after ocean property is the most desirable. As North Georgia is very economical a turn around in our feeder markets could greatly boost sales.
So if you are buying do it now if you can. If you are investing ,especially in land prices are great , they will stay that way for a little longer we think. If you are selling , all is not doom and gloom.
In the end all of us sit here and say, "Maybe we are not getting good news , But is the bad news finally over?"
