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Intown Atlanta Spring Festivals

Well, what seemed like Atlanta's worst winter in over 20 years is over, and spring has finally sprung.  That means, among other things, that spring festivals are just around the corner in many Intown Atlanta neighborhoods.  The first four major events kick off this weekend.

The biggest event this weekend is the popular Atlanta Dogwood Festival.  Held at Piedmont Park in Midtown Atlanta, this annual celebration of the blooming of the Dogwood trees has been a perennial favorite in Atlanta for over 70 years.  In the 1970s an art show was introduced to the festival, and the juried Fine Art Market has played a big part in the festival ever since.   The 1980s saw the tradition of live music begin at the Dogwood Festival, and this year is no exception with well over a dozen acts playing this weekend.

Another fun even this weekend is the 6th annual Sweetwater 420 Festival, a two-day music and arts festival.  It's free to attend and enjoy live music and activities, and $5 gets you a wrist band that allows you to buy all the wine and Sweetwater beer you can "responsibly enjoy."  A portion of the proceeds go to back to the Candler Park neighborhood which hosts the event.  A big part of the event is "Planet 420", which sponsors local, regional and national non-profits and environmental organizations.  Exhibits and forums will be presented including diesel to grease demonstrations, ...

Don't let national headlines scare you - All Real Estate is local

Hi there, and welcome to our first blog post!  I want to start off on an issue that has been on the forefront of my mind for a while now.  Seems like you can't turn on the news or read a paper these days without reading a headline implying that the sky is falling in regards to residential real estate.  One must always remember the expression, "All real estate is local."  There is a huge difference between the "bubble" markets of Florida, California, Las Vegas, etc., and Atlanta ... especially Intown Atlanta!

Image: Atlanta is in hunter green, near the bottom. Click for larger view.

First of all, Atlanta is not a "bubble" market.  We did not have the "irrational exuberance" indicated by a huge run-up in prices over a short period of time.  Since we didn't have a bubble, there's no bubble to burst!  Sure, sales have slowed down, but we are not seeing the decline in values that the bubble markets are seeing. Now, this is not to say that we can't have a decline in prices at some point in the future if, for example, the economy as a whole slips into recession. But if we do, it's not likely to be as bad as the aforementioned bubble markets.

Intown Atlanta is even more different! The suburban Atlanta real estate market is struggling a bit.  It's all about supply and demand.  Let's say you have a home to sell in your suburban neighborhood.  Next door, a developer starts a new subdivision of 250 homes.  There's 250 more homes on the...