Is Atlanta real estate becoming more valuable?
It's a perfect time to consider investing in one of the homes for sale in Atlanta. This metro features a lower-than-average cost of living and plentiful business opportunities.
Cost of living
The cost of living in a city is a major factor in a person's decision to move to a metro. While it might prove expensive to live in major markets such as New York and Los Angeles, those looking for a comfortable home close to a city should consider the properties in Atlanta.
According to The Council for Community and Economic Research, Atlanta ranks below the national average with several relocation expenses. For example, the city's cost of living is 3 percent below the country's average, and housing expenses are 10 percent lower than the national average, PayScale reports.
Atlanta is more affordable than other major metros in terms of relocation costs. Many people could find it a great place to relocate to for housing and career growth.
The Great Recession negatively impacted Atlanta, much in the same way it affected many metros across the country. However, local residents and government officials are working together to help restore the city's economy. This communal effort reflects the spirit of the community, and has already made a significant difference.
For example, the Atlanta Business Chronicle noted that the Hartsfield-Jackson Atlanta International Airport earned the air cargo award for the third time. The honor was provided by airfreight professional publication Air Cargo Week, which recognized the airport's achievements in cargo clearance times, cargo services and future development plans.
"We are honored to receive our third award from Air Cargo Week," airport Aviation General Manager Louis Miller told the news outlet. "Hartsfield-Jackson is committed to being a leader in the global air cargo industry and is happy to receive this recognition."
The airport's top-notch services could make it an appealing option for national and international companies, which could help stimulate economic growth. Additionally, other business opportunities might allow Atlanta to attract new residents.
According to the Daily Herald, companies' investments in the area have helped enhance the value of properties on the real estate market. Local builder Jim Chapman noted that housing inventory has been rapidly shrinking recently.
"People have waited long enough," Chapman told the news source, referring to the local real estate market.
Consider the properties available in Atlanta to become a resident of this expanding city.