The request for Atlanta Home Inspections has increased due to the abundance of real estate activity in our area! The overall affordability of homes nationwide was higher last quarter. Atlanta didn't make the list as most affordable, but the Atlanta Home Inspector has been busy due to historical low mortgage rates, home pricing, and a steady median income for the region.
Affordability of homes means more homes sold. Our area is consistently busy, which is great news for Real Estate Agents, Home Inspectors and the general public.
Good news for the Midwest where 7 of the 10 most affordable markets in the nation are!
The Top 5 most affordable U.S. cities in Q4 2011 were:
- Kokomo, IN (99.2% home affordability)
- Fairbanks, AK (97.5% home affordability)
- Cumberland, WV (96.9% home affordability)
- Lima, OH (96.0% home affordability)
- Rockford, IL (95.5% home affordability)
These are each considered “small markets”. The most affordable “major market” was the Youngstown, Ohio area, where 95.1% of homes sold were affordable to households earning the area’s local median income.
Not surprisingly, America’s “least affordable cities” were regionally-concentrated, too, with 7 of the 10 least affordable markets located in either California or Texas.
New York City only boats about 29 % affordability, earning the "Least Affordable Market" honors.
Location is always something to keep in mind when buying or selling real estate. Remember when you find that home, please have it inspected.
If you plan to buy an Atlanta foreclosed home, have a real estate professional on your side. The internet can teach you much about how the GA housing market works, but when it comes to writing contracts, you’ll want an experienced agent on your side.
Do us a favor if you or someone you know is about to buy that foreclosure home, please recommend us to them, so that they know what “As-Is” really means. When you find your foreclosure home, make sure that you get a thorough home inspection in Atlanta, GA from the home inspector Atlanta, GA, David Lelak of IHI Home Inspections, serving Atlanta and all of North Georgia. Call us today at 404-788-2581 for a thorough home inspection in Atlanta. We won’t let you buy the money pit. You can also schedule your Atlanta home inspection today online. We create Peace of Mind One Atlanta home inspection at a time. Be sure to check out all the other reasons other customers chose IHI Home Inspections at our original website.<!--<rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:trackback="http://madskills.com/public/xml/rss/module/trackback/"> <rdf:Description rdf:about="http://ahomeinspectoratlantaga.com/home-affordability-2011-q4/" dc:identifier="http://ahomeinspectoratlantaga.com/home-affordability-2011-q4/" dc:title="Atlanta Home Inspectors Stay Busy Due to Affordable Housing Market" trackback:ping="http://ahomeinspectoratlantaga.com/home-affordability-2011-q4/trackback/" /> </rdf:RDF>-->