I saw this article this morning, and found it interesting that Atlanta was named one of the Top 10 Places to live on Yahoo Real Estate. And, it is!
This article appealed more to the singles crowd, and that is very attractive now for all the reasons listed:
- Atlanta has a reasonable cost of living
- Affordable homes, ripe for low down-payment FHA financing
- Relatively high income, with a lot of young professionals
- Pleasant climate
- four pro sports teams, great restaurants, and a diverse arts scene
All that makes for a great place to live. But I would throw in one more thing that makes living here and buying a first home here in Atlanta the right thing – the $7500 tax credit that first time homebuyers will receive between now and next July. Update: The tax credit has since ended; but mortgage rates and home prices have also fallen.
Oh, and the icing on the cake? The fact that the government is buying Mortgage Backed Securities, and mortgage interest rates are solidly in the low 4′s.
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