North Atlanta Now

Atlanta Area News

ATLANTA

Atlanta ranked fifth among cities with the most Fortune 500 headquarters with nine. In first was New York with 43 Fortune 500 companies, Houston with 25, Dallas with 12 and Chicago with 12. Read More…http://atlanta.bizjournals.com/atlanta/stories/2008/04/21/daily15.html?jst=s_cn_hl

DULUTH

Did you know that NCR of Duluth is to hire 1000 new positions? Many are currently posted. Many are Senior Management Positions. We are hopeful this will bring many new buyers into our area!

 

ALPHARETTA

Did you know Demi Moore and David Duchovny are filming a movie called “The Joneses” in downtown Alpharetta? This is a great for business in Alpharetta since the crews eat and rent hotel rooms, use the dry cleaners etc. during the filming period. One North Fulton home is being used in this film for about a month and I’m sure they are well compensated! Don’t you wish that was your home? There are currently 5 feature films currently being shot in Georgia at this time!

 

Some Encouraging Real Estate News

Home Prices Rise in Some Metros, Buyers More Active in Other Areas

RISMEDIA, Nov. 19, 2008-Total existing-home sales, including single-family and condo, were at a seasonally adjusted annual rate(2) of 5.04 million units in the third quarter, up 2.6 percent from 4.91 million units in the second quarter, but remain 7.7 percent below the 5.46 million-unit pace in the third quarter of 2007.

 

The typical seller purchased their home six years ago and is experiencing net equity gains. The national increase in value since the third quarter of 2002 is 18.3 percent, which is a median gain of $31,000. Even with the current downward price distortion, 90 percent of metro areas are showing six-year price gains.

 

See the full article at: http://rismedia.com/wp/2008-11-18/home-prices-rise-in-some-metros-buyers-more-active-in-other-areas/