Anthony Gugliotta says prices in the metro Atlanta market didn't see the steep drop other areas of the country did, which he attributes to steady appreciation rates of 5 to 6 percent over the last few years, opposed to the 20 to 50 percent seen in other areas.

And since there wasn't that same high level of appreciation, there won't be a heavy spike in depreciation, Gugliotta says.

For now he thinks the market has bottomed out in Atlanta, and sales and prices should begin to rise by the fourth quarter of 2008.

And as far as other major positive attributes to this market, Gugliotta cites strong yearly population growth in Atlanta, driven by it's strong economy and plentiful job opportunities.

He cautions viewers to remember that real estate markets are local, not just state to state, but city to city and neighborhood to neighborhood, and as far as local markets go, Atlanta, Georgia, is doing okay.

For more information, contact Anthony Gugliotta at:
http://www.HuntingForHomesOnLine.com

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Published: April 17, 2008

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