Atlanta Economy Update

Good news for the Atlanta economy - while 2007 was a struggle due to the residential real estate downturn, things are expected to turn up by the third quarter of 2008. At least, this was the consensus of the KNOW Atlanta Annual Advisory Board Luncheon, in which the panel of advisors, alumni and selected guests gathered to share news about the current state of the local economy and predictions for the future. What they decided was that even though we took a hit with the real estate market, Atlanta’s job market continues to grow with national and international business relocations. In fact, by the year 2020 metro Atlanta is anticipating 2 million more people to move to the area. Atlanta is a continually growing city, once again making it in the top four of the Forbes magazine fastest-growing cities. With the strong job market, the residential real estate market is expected to turn around soon.