Real Estate Georgia
Georgia has a very rich history. It was one of the original thirteen colonies of the United States. In 1733, Georgia became the last of the original thirteen colonies to be established. After revolting against British Rule in the American Revolution, Georgia was the fourth state to ratify the United States Constitution on January 2, 1788. On January 21, 1861, Georgia declared its secession from the Union along with six other states. These were the original seven Confederate states. Georgia was the last state to be restored to the Union on July 15, 1870.
Georgia is ranked 24th in size among the 50 U.S. states. In terms of land area, this makes it the largest state east of the Mississippi River. With an estimated population of 9,685,744 in July of 2008, it is the ninth most populous state. Georgia also had 14 counties ranked among the nation’s 100 fastest growing counties. This makes it one of the fastest growing states in the United States. Over the years, Georgia has been given two nicknames, the Peach State and the Empire State of the South. It is bordered on the south by Florida; on the east by the Atlantic Ocean and South Carolina; on the west by Alabama and by Florida in the extreme southwest; and on the north by Tennessee and North Carolina. The northern part of the state is in the Blue Ridge Mountains, a mountain range in the vast Appalachian Mountains system. The highest point in Georgia is Brasstown Bald, 4,784 feet, and the lowest point is sea level.
Atlanta is the capital of Georgia and the most populous city in the state. It is a major creative and financial hub of the southern region and is listed as one of the top five favorite cities to live in by young people and professionals looking for relocation in the United States. Apart from Atlanta there are several other communities and cities in Georgia such as Acworth, Fayetteville, Marietta, Douglasville, Alpharetta, Kennesaw, Powder Springs, Milton, Peachtree City, Sandy Springs, Roswell, Smyrna and Woodstock.
The Georgia real estate market is beginning to rebound from the economic recession. The median price of a home for sale in Georgia for the week ending Sunday, November 8, 2009 was $179,900. This is an increase of 2.9% when compared to the median price in October. There are a total of 104,538 homes for sale across Georgia. There are certain areas of Georgia that are rebounding faster than other areas. The median price of a home for sale in Atlanta, Georgia was $229,900 for the week ending Sunday, November 8, 2009. When compared to October, this is a 4.5% increase in price. Georgia homes are a great investment. The real estate market is recovering from the recession so prices are beginning to rise. Homes for sale in the Atlanta area are an especially good investment at this time. If you are considering purchasing a new home, now is the time since real estate markets across the country are beginning to rebound from the recession so prices are only going up.
