Atlanta's housing has attracted the nation’s 3rd largest home builder.

Lennar Corp.'s move into the Atlanta market, announced Monday, makes perfect sense, according to analysts and industry insiders.

While officials of the Miami-based company declined comment on its business strategy beyond a news release, others said Lennar could buy partially finished lots for pennies on the dollar, complete the construction and sell homes for significant profits.The number of distressed and half-built communities in Atlanta make it a good choice for the builder, said Jay McCanless, a senior home building analyst for FNT Equity Capital Markets.

It is a great time for investing in real estate regardless of the size of your pocket book. Prices are at an all time low and many choices. The market will eventually tighten up and those that have been buying all all along will be the fat cats. Link.

"The postings on this site are my own and don’t necessarily represent Metro
Brokers’ positions, strategies or opinions.”