Metro Atlanta housing market sees comeback - FOX 10 News | myfoxphoenix.com

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>>

  • Ray McBerry ex-employee speaks

    Ray McBerry ex-employee speaks

    Wednesday, July 30 2014 11:02 PM EDT2014-07-31 03:02:51 GMT
    A second young woman filed a Henry County police complaint accusing former gubernatorial candidate Ray McBerry of some bizarre behavior.
    A second young woman filed a Henry County police complaint accusing former gubernatorial candidate Ray McBerry of some bizarre behavior.
  • Mom confronts Ray McBerry over modeling request

    Mom confronts Ray McBerry over modeling request

    Wednesday, July 30 2014 12:04 PM EDT2014-07-30 16:04:32 GMT
    A twice-failed candidate for Georgia governor found himself face-to-face with a mother furious over what he was trying to do this month with her teenage daughter.
    A twice-failed candidate for Georgia governor found himself face-to-face with a mother furious over what he was trying to do this month with her teenage daughter.
  • Does social media make you spend more money?

    Does social media make you spend more money?

    Wednesday, July 30 2014 8:49 AM EDT2014-07-30 12:49:39 GMT
    The notion of 'Keeping up with the Jones' is not new, but there is a new pressure coming at you. Peer pressure - whether you're 13 or 33 - is a powerful thing. Now throw in social media and you have what an Atlanta counselor calls 'Keeping up with the Jones' on steroids. And if you're not careful that can get costly.
    The notion of 'Keeping up with the Jones' is not new, but there is a new pressure coming at you. Peer pressure - whether you're 13 or 33 - is a powerful thing. Now throw in social media and you have what an Atlanta counselor calls 'Keeping up with the Jones' on steroids. And if you're not careful that can get costly.
  • 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.

  • Disabled teen uses wakeboarding for therapy

    Disabled teen uses wakeboarding for therapy

    Thursday, July 31 2014 7:25 PM EDT2014-07-31 23:25:49 GMT
    It’s the final week at Youth Water Sports Camp in Cartersville and one out-of-town camper is making quite a splash!
    It’s the final week at Youth Water Sports Camp in Cartersville and one out-of-town camper is making quite a splash!
  • Taco Thursday with Buck

    Taqueria Tsunami in Marietta on Square- Asian Latino Fusion

    Taqueria Tsunami in Marietta on Square- Asian Latino Fusion

    Thursday, July 31 2014 9:41 AM EDT2014-07-31 13:41:09 GMT
    What do you get when you combine the flavors from the Far East with the flavors from South of the Border? You get Taqueria Tsunami, a Latin-Asian fusion restaurant on the Marietta Square which just happens to be this week's stop on 'Taco Thursday...With Buck'.
    What do you get when you combine the flavors from the Far East with the flavors from South of the Border? You get Taqueria Tsunami, a Latin-Asian fusion restaurant on the Marietta Square which just happens to be this week's stop on 'Taco Thursday...With Buck'.
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

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