Nielsen Study Finds Atlanta, Dallas and Phoenix Are Top Markets by Recent Population Growth

    From MarketWatch, submitted by David Boehmig, President/Founder  Analysis Also Identifies Seven Population Growth Indicators That Strongly Correlate to Fast-Growing Markets, Providing Expansion Opportunities for Retail Industry NEW YORK, NY, Nov 03, 2008 (MARKET WIRE via COMTEX) — A new Nielsen Company analysis aimed at uncovering expansion opportunities for the retail industry in a down economy has found that sustained growth is occurring in large metros such as Atlanta, GA; Dallas, TX; and Phoenix, AZ, which ranked as the top three fastest growing markets over the last eight years. The study, which was conducted by Nielsen Claritas, Nielsen’s leading marketing information source, and based on data compiled as of early 2008, showed that Atlanta and Dallas CBSAs (Core Based Statistical […]

A Return of Consumer Confidence Will Be A Positive Factor in the Housing Market

A Gallup poll earlier this week indicated 78% of Americans have a negative perception of the current economic conditions, which obviously plays itself out in many ways across our Economy, including the desire and pursuit of a new home.  The good news is that after the presidential election is over next week, at least 50% of the country is going to feel like they have chosen the next leader of this country and will feel better about its prospects for the future.  Those who voted for the eventual winner will begin to feel like our country is on a better path.  One way or the other, we will have a new spokesperson for the United States of America who will […]

Who’s Buying at The Sovereign?

Submitted by Kevin McBride, Founding Partner and Sales Associate at The Sovereign. Traffic is picking up at the Sovereign , our SkyRise Group building in Buckhead. I thought you might like to know a little about one of the buyers.    We have a couple who is from Milan, Italy, and they are opening the U.S. headquarters for their business in Atlanta. This will be a second home for them and one big attraction for them was the Atlanta Airport and Sovereign’s access to MARTA, our mass transit system. They will be frequent travelers and this was very important in their decision.    They are buying a 2 bedroom+den. The home is 2,113 sq ft and the price is $1,242,000 […]

Ten Cities Ready To Bounce Back

By Paul Kaihla, CNNMoney.com, submitted by Charles Gerrick. The horror show of America’s residential real estate market just keeps getting scarier, what with the sub-prime mortgage crisis threatening to slash demand for homes while the inventory of unsold properties continues to pile up. It’s enough to send any prudent investor fleeing to the relative sanity of, say, the stock market. Don’t. Instead, get ready for the bounce-back. The oldest rule of investing dictates that you buy low and sell high. Real-estate buyers aren’t at the gate, however, because most local markets have yet to hit bottom. In fact, most cities won’t do so for another year. But Business 2.0, working with Moody’s Economy.com, has unearthed 10 major metropolitan areas that […]

Pink Palace re-priced to sell. Historic Buckhead home slashed from $20 million to $10 million.

By RACHEL TOBIN RAMOS, The Atlanta Journal-Constitution Friday, October 24, 2008 Depending on how you look at it, it’s either a fire sale or the end of exuberant real estate prices.  Either way, you’ll need a large wallet to cash in on this deal. The pink stucco Italian Baroque home on 3.5 acres is being sold because the family who owns it is moving to the country of Georgia. The price for the “Pink Palace,” a 1926 mansion built for the Rhodes Furniture family on West Paces Ferry Road, was slashed in half Friday. It’s gone from $20 million to $10 million. The home, designed by one of the architects of the historic Swan House, debuted like a Southern belle […]