The Atlanta metropolitan area includes nearly 4.2 million people, with nearly 420,000 in the city of Atlanta . There are 28 distinct counties and smaller neighborhoods within this particular area. Overall market conditions for Atlanta remain strong and vibrant for several different sectors including first-time homebuyers, buyers “moving-up” to the $200-$350K price range, and investors seeking to capitalize on historically low interest rates. Market Definition The Atlanta Metropolitan residential real estate market is growing at a steady rate. According to the National Association of Home Builders, the Atlanta metropolitan residential real estate market had the 2 nd highest number of single family housing construction permits in 2004 (56,030). This represents a 4.7% increase over 2003. The Atlanta Metropolitan area has averaged an increase of 4.6% in new single family housing construction permit since 2004. The area of biggest growth in the Atlanta metropolitan real estate market is in the area of the fast growing counties. Atlanta is home to two of the top ten fastest growing real estate markets (by county) in the United States and has been for the past 15 years. Factors influencing the population increase are: 13 Fortune 500 and 24 Fortune 1000 businesses headquartered here, ie, Coca-Cola, Home Depot, Georgia Pacific, Delta Airlines, UPS, (Metro Atlanta Chamber of Commerce). CNN Headquarters-becoming the communication capital of the world. Undisputed commercial transportation and financial capital of the Southeast United States. Hartsfield-Jackson is the busiest passenger airport in the world by accommodating more than 81 million passengers in 2004. More than 200 million people, 80% of U.S. consumers, are within two hours' flight time from the Atlanta Airport. Spending more money attracting new businesses than most other cities, Atlanta ranks #1 among large metro areas to do business for entrepreneurs. Rated best place to locate a business by Fortune Magazine. Rated 4th for job growth. Rated 5th for transportation. Rated 4th by Money Magazine for projected appreciation. Rated 6th for economic growth. Rated 3rd hottest metro market by Wall Street Journal. Rated 2nd for best city for starting a business by Fortune Magazine. Rated 1st as the top metro area for job creation. Atlanta has ranked in the top five metropolitan areas in home construction over the past five years. Average yearly housing starts are approximately 40,000 per year, split 65% single family and 35% multi-family.

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