Atlanta's Market and how it affects Cumming and Alpharetta
By John Foster, Your Family Realtor for Life
(Keller Williams Realty)
Ga. States Rajeev Dhawan provided a forecast that in 2009 the Atlanta area is predicted to create 4,000 new jobs and then add 44,000 new jobs in 2010. He also notes a couple of items: 1. oil needs to come down in price and 2. the housing market needs to improve. (From the Forsyth County Herald, 9/10/08 edition) As long as the Atlanta area produces jobs, I do think the real estate market will improve - as long as interest rates remain relativly tame. It certainly looks like oil is coming down, it appears China's damand for oil has decrased after the Olympics. I think when gas is close to $4.00 per gallon and the stock market is down, unemployement is up and interest rates were going that it is no wonder consumer confidence is down - people feel like they do not have as much money. ...
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