The president of Property4Prosperity, Mr. Chayot Ing-aram, believes that the Atlanta housing market will continue its strong recovery despite worrying signs of rising interest rate.
(PRWEB) June 30, 2013
The California based real estate firm, Property4Prosperity,Inc has expanded its operation and now provide Atlanta turnkey properties to its investors as the real estate market continues its resurgence. While some are worried by the recent increase in mortgage interest rate, the latest economic data is showing sign of a continuation of the U.S. housing market recovery. According to the S&P/Case-Shiller Index, home prices in Atlanta jumped 20.8 percent year-over-year in April and went up 3.8 percent from March to April. The growth rate in Atlanta home prices exceed those of the national average, where home price rose 12.1 percent year-over-year and increased 2.5 percent from March to April.
The president of Property4Prosperity, Mr. Chayot Ing-aram, believes that the Atlanta housing market will continue its strong recovery despite worrying signs of rising interest rate. According to Mr. Ing-aram, "home prices in Atlanta are still at an all time low. They still represent a great buy. Investors can pick up Atlanta turnkey properties that have been fully rehabbed and with a tenant in place, at a price below what they were sold for 10 to 15 years ago. Net yield on these Atlanta turnkey properties are between 10 to 12 percent."