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Atlanta, San Antonio, Phoenix Lead In Economic Growth Potential

Business Facilities

Atlanta , San Antonio and Phoenix are the top-ranked large metros for Economic Growth Potential in Business Facilities’ 15th Annual Rankings Report. “It It all seems to be coming together for Metro Atlanta,” said BF Editor in Chief Jack Rogers. All of the arrows are pointing up for Atlanta.”.

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Atlanta Suburb Says ‘NO WAY!’ to Wood Construction

Construction Equipment

While other cities are flaunting their new wood skyscrapers, a suburb of Atlanta is prohibiting all future wood-frame building taller than three stories and larger than 100,000 square feet, such as apartment buildings. Sandy Springs, Georgia is an upper middle class suburb of Atlanta with a median family income of $100,679 in 2013.

Atlanta 48
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Home Prices Are Rebounding in the Spring Selling Season

Pro Builder

The Atlanta Fed’s Affordability Monitor is well into the red as interest rates have caused mortgage costs to spike and incomes have not moved up as fast as prices over recent years. If rates fall significantly in the months ahead, the housing market could come back to life even amid higher prices and waning inventory, Forbes reports.

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Home Ownership Still Elusive Even with Low Interest Rates

Pro Builder

Even with low mortgage interest rates a median-income household would still need to spend nearly a third of its income on a median-priced home, according to a report from the Federal Reserve Bank of Atlanta. But that dynamic has shifted throughout 2021. Buyers have hit an affordability wall.

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These St. Louis Lawyers Created a Replicable Model for Neighborhood Renewal

Pro Builder

Their work has revitalized neighborhoods in Atlanta, Charlotte, Newark, Baltimore, Santa Fe, N.M., Here’s how the program works: The New Markets Tax Credits program is designed to attract investors to distressed areas by offering them a 39 percent income-tax break over seven years.

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Business Facilities’ 2019 Metro Rankings Report

Business Facilities

ATLANTA NO. Atlanta, GA; San Antonio, TX and Phoenix, AZ are the top-ranked large metros in this flagship category, respectively. Metro Atlanta, home to 15 Fortune 500 companies, has become a red-hot tech hub. The Atlanta MSA is the 10th-largest metro economy in the nation with a GDP of $385.5 1 IN GROWTH POTENTIAL.

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Forbearance Exits Expected to Add Inventory

Pro Builder

Low-income borrowers — who often, but not always, use federally backed programs including low down payment loans backed by the Federal Housing Administration (FHA) to help them secure a home — may be particularly vulnerable, with less savings and monthly cash flow to work their way out of forbearance.