Buckhead Brokers Commercial, REALTORS®

In a recent article Michael Kanell of Atlanta Journal & Constitution has reitirated the well known fact that Real Estate is a crucial part of the Economy- Specially in Atlanta.

Here are few highlights of the same article:

"... It?s not that new home sales alone cause economic recovery and heated-up hiring. But real estate activity is one clue used by the National Bureau of Economic Research ? the semi-official arbiter of recessions ? in dating the start and end of recessions."

"... Unemployment generally doesn?t hit a peak until after the recession is over, said Mark Vitner, senior economist with Wachovia Corp. ?New home sales are somewhere between a leading and coincident [or concurrent] indicator, while the unemployment rate is a lagging indicator.? "

"... It is natural for a rise in new home sales to be one of the signs that things are getting better, said Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University."

To ready the entire article by Michael Kanell of AJC Please clieck here. >>> Read More