Atlanta is located at the foothills of the southern Appalachian Mountains and the landscape is predominantly characterized by rolling hills and smooth, broad uplands.
With no natural boundaries, the metropolitan area is large, encompassing 8,480 square miles. The Chattahoochee River on the northwestern side of the city is one of the most prominent natural features of Atlanta. It flows through a valley which ranges from 150 to 400 feet in depth and from two to five miles in width. On the eastern side of the metro area, Stone Mountain rises high above the tallest pines. At 825 feet tall, it is the world’s largest free standing piece of exposed granite. With its popular nightly laser shows, amusement park and the scene of many festivals during the year, it provides family fun and entertainment throughout the year.
The climate in Atlanta is mild but the city does experience all four seasons. The average annual temperature is 61 degrees. With less than two inches of annual snowfall, it’s not easy to ski or sled here but the mountains of North Georgia are only a two hour drive.
There are over 100 golf courses, 200 public tennis courts and hundreds of miles of hiking and biking trails to be enjoyed more than 300 days a year.
The much publicized housing bubble was never more than a small bump here in Atlanta.
For all the bad press about housing, home prices in the Atlanta region fell less than five percent over the past year.
Home prices in the Atlanta region are somewhat immune to a large price drop because we benefit from a wonderful safety net. Our metro region adds about 150,000 people per year. Between 2000 and 2006, our region added 856,266 people, a growth rate that was the highest in the nation. Almost 2 million additional people are expected to move here over the next 12 years and the metropolitan area population predicted to be more than 5.5 million people in 2009.
Housing prices in Atlanta, not having fallen much, should not have far to go to predictably rebound. In a few years, due to the health of our local economy and with the third largest concentration of Fortune 500 companies, housing prices should be higher than at the peak of the previous cycle.