I become increasingly reluctant to call the bottom of this market. This is not because of my inferior market understanding, but rather a fervent belief that the real estate market cannot be timed. In fact, I will go out on a limb and say market timers are not value investors. Rather, market timers are speculators who often get burned because they miss the forest for the trees.
As I have said in our recent Heery Herald, I think now is the best buying opportunity in five or six generations. This does not mean buy on March 1, 2009 at noon. It means to look now and execute a good deal when you see what you like.
For Heery Brothers and Atlanta Fine Homes Sotheby’s International Realty, perhaps the compelling issue is why buy in Georgia? Well, let me put it this way. Some states will never recover. Georgia will. The United States is projected to add 60 Million people from 2010 to 2030. 60% of this growth will be absorbed by five states and Georgia is one of these. So unless you want to move the Florida, Texas, the Pacific Northwest or other high growth corridors, it is a great time to buy real estate in Georgia.
We all shop before we buy. Shop now and buy soon.