The Atlanta real estate industry is finally beginning to see signs of
recovery. In fact, the National Association of Realtors announced that the real
estate market overall made a “robust” recovery in 2013. This may be the best
time to own residential Rental Property.
Our local multiple listing service, FMLS, indicated that properties sold in
the Emory area and the City of Decatur increased by 60% from 2012 to 2013; that
properties were selling closer to list price; and were on the market about 30
days less than in 2012.
The sale of Foreclosures and Short Sales has affected a large portion of the
metropolitan Atlanta area during the past 4-5 years, but that inventory is
dissipating, and the influence of major investors picking up distressed housing
has almost disappeared. There are, however, still some decent properties
available for local investors who are looking for rental income.
Here are a few predictions for the 2014 real
estate market that could influence a healthy rental market for
1) Interest rates are likely to rise –More will be
2) Home prices will also rise – More will be renting.
3) Many homeowners who lost homes through foreclosure and short
sales will not be able to purchase another home for some time. – More will be
4) Zillow reports in an article dated December 30, 2013 by Jennifer
Chan “that home ownership will fall below 65% in 2014, the lowest since the
mid-1990’s. The easy lending standards we saw during the housing bubble led to
higher-than-normal homeownership, and in the recovery we’re seeing ownership
rates normalize.” More will be renting
5) Chan also highlights another issue impacting the decline in ownership by
Gen-Y-ers who are renters. “This group is the next generation of homeowners,
but they’re seeing high unemployment and low wages”. More will be
6) Chan also indicates that “rising home prices will encourage Americans to
move, but to less expensive areas where housing is more affordable. Metros like
Houston, Dallas, Denver, Atlanta and Portland will see a growth in residents”.
More will be renting
Atlanta Decatur Homes
is a local real estate company selling homes located in Atlanta, Decatur, and
Emory University neighborhoods for over 25 years and offering professional
property management for homes in the Emory area.
Construction for a new retail and mixed-use development called Emory Point has been developing during the past year along Clifton Road near Emory University, and its opening has been anxiously anticipated.
Emory Point is now open and features an attractive main street with shops like Strippaggio, carrying artisan oils, vinegars & specialty foods, Fab'rik, and Lizard Thicket, as well as popular local restaurants like Bonefish Grill and Marlowes Tavern.
While not all facilities are open yet, CVS Pharmacy, Jos. A. Bank Clothiers and Ann Taylor Loft, plus a dry cleaner are open for business and 21 shops and restaurants will be available when the project is completed. Limited parking is available along the street with credit card payment, and free 2-hour parking is available in he present parking deck. There are plans for an additional parking area when the complex is finished.
Originally envisioned as a major condominium and shopping environment by Cousins Properties, partnering with Gables Residential, the project was delayed due to the economic recession. The residential aspect has been altered to offer leasing options instead of condos. Gables Emory Point is a luxurious apartment development with dozens of available floor plans, an elegant Club House and Business Center.
Located across the street from the Centers for Disease Control and surrounded by Emory University Campus and the Emory Healthcare complexes, Emory Point is within walking distance for employees in the community and easily accessible by Emory's free shuttle service, the Cliff bus. It should prove a popular lunchtime and evening destination for Emory area neighbors as well.
Atlanta Decatur Homes is a local real estate company serving buyers and sellers in the Emory, Decatur and Atlanta in-town neighborhoods for over 25 years.
Biography | Contact Sharon | Getting the Highest Price | See Our Neighborhoods! | First-Time Buyers-2014 | Emory-Decatur Sellers | Relocation/Transfers | Financing Revealed | House Notes | Emory Village | Emory Grove | Decatur | Clairmont Heights | Emory Parc | Chelsea Heights | Medlock Park Area | Area Churches | Rent Management | Buying First Home-Atlanta | Atlanta Schools | Condos/Townhomes | Tuxworth Springs | ScottCourt-The Woodlands | Decatur Square | The Park at Emory | Heritage Two | Clairmont Place | Brianwood | September Chase | Winston Place | Haverhill | Area Parks | Property Management | Do You Need It? | Promoting Your Property | Screening and Leasing | Fees and Accounting | Glendale Estates | Glenlake Park | The Woodlands | Medlock Park | ClydeShepherd Preserve | Kirkwood Village | Leafmore Hills | Lions Gate | Waddell Park | Great Lakes | Laurel Ridge Neighborhood | Rentals-Now Available | North Druid Valley | Library-Toco Hills | Emory Area Dog Parks | Druid Hills | Closing Costs | Looking to Sell? | Home | Emory/Decatur | Site Map | Reasons homes don't sell | Be Accessible! | Home Appreciation | Daily Rate Lock Advisory | Sharon's Blog