Metro Atlanta housing market sees comeback - DC News FOX 5 DC WTTG

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>>

  • Get Financially Fit: A Step-By-Step Plan

    Get Financially Fit: A Step-By-Step Plan

    Monday, April 14 2014 9:15 AM EDT2014-04-14 13:15:13 GMT
    April is Financial Literacy Month, so it's time to think about getting financially fit.  Let's start with two questions. Do you know how much you spend each month?  How much of your check should you save?
    April is Financial Literacy Month, so it's time to think about getting financially fit.  Let's start with two questions:  Do you know how much you spend each month?  How much of your check should you save?
  • FOX 5 I-Team

    DON'T MISS: Tax Deductions and Credits

    DON'T MISS: Tax Deductions and Credits

    Friday, April 11 2014 8:48 AM EDT2014-04-11 12:48:55 GMT
    Let's finish up our tax time filing tips that we've offered this season with a quick look at deductions and credits too many folks forget.
    Let's finish up our tax time filing tips that we've offered this season with a quick look at deductions and credits too many folks forget.
  • FOX 5 I-Team

    IRS: Two Scam Warnings

    IRS: Two Scam Warnings

    Monday, April 7 2014 10:44 AM EDT2014-04-07 14:44:51 GMT
    We have two warnings coming from the IRS.  The first one is what investigators call the "largest ever" phone fraud scam targeting taxpayers.
    We have two warnings coming from the IRS.  The first one is what investigators call the "largest ever" phone fraud scam targeting taxpayers.
  • 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>>

  • What's Happening: 2014 Atlanta Steeplechase

    What's Happening: 2014 Atlanta Steeplechase

    Wednesday, April 16 2014 10:03 AM EDT2014-04-16 14:03:02 GMT
    Photos by Mike Soto Photos by Mike Soto
    One of the most exciting horse races in Georgia happens this Saturday at Kingston Downs.
    One of the most exciting horse races in Georgia happens this Saturday at Kingston Downs.
  • Good Day Atlanta

    Stress-Free Travel

    Stress-Free Travel

    Wednesday, April 16 2014 9:44 AM EDT2014-04-16 13:44:27 GMT
    After a particularly long and nasty winter, spring has finally sprung and folks are planning and taking long-awaited vacations. How do you breeze through the terminal and to your gate stress-free?
    After a particularly long and nasty winter, spring has finally sprung and folks are planning and taking long-awaited vacations. How do you breeze through the terminal and to your gate stress-free?
  • Good Day Atlanta

    Back Home with The Neelys

    Back Home with The Neelys

    Wednesday, April 16 2014 9:40 AM EDT2014-04-16 13:40:13 GMT
    The third cookbook from Food Network superstars Pat and Gina Neely brings us back to the basics of good ol' southern family cooking
    The third cookbook from Food Network superstars Pat and Gina Neely brings us back to the basics of good ol' southern family cooking
Powered by WorldNow

WTTG FOX 5 & myfoxdc
5151 Wisconsin Ave. NW
Washington, DC 20016
Main Number: (202) 244-5151
Newsroom: (202) 895-3000
fox5tips@wttg.com

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