Below are the final three economic indicators I have promised you in this series.  If you would like to see the first two posts, click here:  Part One: Economic Indicators; Part Two: Economic Indicators.

  1. Residential construction nationally may be down by 5% from last year, and a slowdown in home sales in the Northeast corridor, California, and parts of Florida has occurred. However, in metro Atlanta, home sales are persistently healthy, at strong and realistic levels. We’re fortunate the media-touted housing boom never inflated home prices in our area.
  2. Interest rates remain quite reasonable and among the lowest in our lifetimes
  3. A reduction in Federal spending has been counteracted by a surge in spending by state and local governments, up more than 7% for four consecutive quarters.

These indicators reinforce a vibrant economy and, correspondingly, a sound, brisk residential real estate market that assures homebuyers solid investment potential and home sellers attractive gains.  We encourage you to take advantage of these opportunities and to call on one of our agents, justifiably described as “the most respected names in real estate” for their expertise, integrity and personal attention.