Atlanta Real Estate Makes Forbes 'Best Buy' List
Forbes recently did a market study of the "Best Cities to Buy A Home" and Atlanta ranked #13 on the list.
To determine which cities showcase the best real estate deals, Forbes examined three relevant sets of data from the March 2009 RPX Monthly Housing Market Report. The Housing Report examines key market data in 25 of the countries most populous metropolitan statistical areas (MSAs).
How Was It Done?
The first step was done by looking at the number of ZIP codes where a quarter (25%) of the areas sales occured. This helped to determine whether sales are evenly distributed across the Metro area or simply confined to a dense geographic area. The more even the distribution of sales across the market, the better.
What they did next was examine price per square fluctuations to determine which markets maintained consistent "market value". The higher and more consistent the market value (month over month) the better.
Third, they measured "transaction rates" in each of the 25 major metro areas to see which housing markets had the most buying demand. The more activity the higher the rank.
Lastly, they scored each city by category, and then combined the scores to determine the final ranking.
Good news for buyers out there.