Atlanta GA, April 1: “Running a newspaper is a thankless job. It is time to bark up a new tree,” announced editor Veena Rao.
NRI Pulse hopes to take advantage of the rebound in the real estate market in the Atlanta area. A shrinking inventory tends to drive home prices up, as buyers have fewer properties to consider.
Homes are selling faster this year as well. Homes are on the market for an average of 69 days in Atlanta in April of 2013, which is down 9.21 percent over last year. This time frame is also lower than the national average of 81 days.
These statistics surrounding Atlanta home sales indicate it may be shifting to a seller’s market, which means that sellers will find higher demand and higher prices for the homes they are looking to sell. Buyers are going to have less negotiating room when seeking a bargain-priced property, although short sales and foreclosures are still commonplace in the market due to the economic situation.
“I would take this announcement with a pinch of salt,” Rao added. “Pranking readers on April 1 is an annual tradition!”