Tag Archives: Atlanta

Housing and Employment In Atlanta

In a review of cities with affordable housing and a strong employment market, Zillow, a real estate data company, ranks Atlanta as a favorable city offering both advsntages. According to Zillow, Atlanta offers a housing price-to-income ratio of 2.7, compared with 8.8 for San Francisco.

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Filed under A Need to Know Basis, Let's Learn Something

Jobs Are Moving To The Suburbs: Atlanta One Of Top Five Regions

          Although job expansion to the suburbs slowed down during the recession, the overall numbers increased over the last decade. This trend was studied and just released by The Brookings Institution. 

          The Brookings Institution report indicates that jobs within three miles of a city center fell from 24.5% of overall positions in 2000 to 22.9 % in 2010.  In the same time period, jobs within 19 to 35 miles of the city center grew from 40.9% to 43.1%.

           Two possible consequences of this trend are increased clogging of the roads and decreased job access for the poor.

          “Where the jobs are matters to the overall development of a region,” said Elizabeth Kneebone, a fellow at Brookings’ Metropolitan Policy Program. “It can impact long-term productivity.”

          Although many metro areas throughout the country have been revitalizing the city centers, Kneebone said the jobs are not necessarily following the shift of residents toward downtown districts. In many places, these new urban dwellers end up reverse commuting to the suburbs for work.

          The Brookings report was based on a study of the nation’s 100 largest metro areas, which accounts for approximately two-thirds of the country’s population and its jobs.

 

 

More Jobs Are Moving To The Suburbs

Atlanta: One of the top five regions

          Although job expansion to the suburbs slowed down during the recession, the overall numbers increased over the last decade. This trend was studied and just released by The Brookings Institution. 

          The Brookings Institution report indicates that jobs within three miles of a city center fell from 24.5% of overall positions in 2000 to 22.9 % in 2010.  In the same time period, jobs within 19 to 35 miles of the city center grew from 40.9% to 43.1%.

           Two possible consequences of this trend are increased clogging of the roads and decreased job access for the poor.

          “Where the jobs are matters to the overall development of a region,” said Elizabeth Kneebone, a fellow at Brookings’ Metropolitan Policy Program. “It can impact long-term productivity.”

          Although many metro areas throughout the country have been revitalizing the city centers, Kneebone said the jobs are not necessarily following the shift of residents toward downtown districts. In many places, these new urban dwellers end up reverse commuting to the suburbs for work.

          The Brookings report was based on a study of the nation’s 100 largest metro areas, which accounts for approximately two-thirds of the country’s population and its jobs.

 

 

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Filed under Consider the Law, Uncategorized

Auction of Georgia Real Estate Sells for $2.125 Million

As reported in MARKETWIRE, approximately 300 properties sold in a two-day auction May 23-24 in Atlanta. Most were foreclosed properties owned by lenders.

John Dixon & Associates conducted the sale.

By the end of the second day, the total reached $2.125 million. “We exceeded our expectations, and our sellers were pleased,” said John Dixon, president of the company.

The auction attracted strong crowds of bidders both days, with active bidding on properties, most of which were located in metro Atlanta and North Georgia. Almost half of the properties went to online bidders who listened to the live auction and entered their bids via the Internet, according to Dixon.

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Filed under Georgia Law