Power Breakfast: Real estate markets improving, sprouts recalled, Southern Co., Duluth taxes, Hooters, Gulf, Toyota

Both the residential and commercial real estate markets appear to be improving.

On the commercial front, AJC reporter Gertha Coffee writes that heavily discounted prices and more available financing have created a flurry of activity for metro Atlanta commercial real estate brokers.

Industry experts said they expect gradual improvement to continue this year because sellers are becoming more reasonable about prices and lenders are back in the market, Coffee reports.

Still, commercial property sales in metro Atlanta fell 66 percent in the 12 months ended March 31 vs. the same period a year earlier, according to LoopNet, an online real estate listing service.

On the residential side, AJC reporter Michelle Shaw reports that increased home sales led to higher prices.

The median sales price for existing single-family homes around metro Atlanta rose 7 percent in April from the same month a year earlier, according to a National Association of Realtors report released Monday.

The increase, from $112,500 to $120,800, breaks a string of year-over-year decreases during the first three months of the year, Shaw reports.

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3 comments Add your comment

Morrus

May 25th, 2010
8:26 am

Curiously, in a supposed anti-incumbent year, most of the departing are not retiring but seeking higher office. We may recycle more than we replace. The bad news is that a frustrating 114 seats still have but one contestant. Two of them aren’t even incumbents, meaning they will affect state policy without being vetted by voters. And I have to think that we’d be better off if many had run instead for the Legislature — and cut down on the number running unopposed. Georgia’s problems are numerous. They aren’t going away. There’s too much stale thinking at the Capitol, on both sides of the aisle. New voices would be welcome.

TnGelding

May 25th, 2010
9:47 am

Tell it to the boys on Wall Street! Triple ouch!!! Look for a full recovery before the day is out.

TnGelding

May 25th, 2010
5:06 pm

Well, the Gelding called another one. Hopefully the momentum will continue tomorrow.