By DAVID PENDERED http://www.ajc.com/
Alpharetta ranks among the nation's top six markets where housing prices are expected to drop the least over the next year, according to a new report in CNNMoney.com.
The simple law of supply and demand contributes to the relative stability of home prices in Alpharetta, the report says.
"Frenzied home building here has stalled, which should start to reduce the area's large supply of vacant housing and propel prices upward," the report says.
The average home price in Alpharetta is $359,950, the report says.
The five other cities cited in the report are Boston, Cincinnati, Cleveland, Detroit and Houston.
The report is based on information collected in the fourth quarter of 2007.
CNNMoney.com considered the nation's 30 largest metro areas and ranked them according to a formula that included housing price increases and the cost of renting a house.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment