12 Mar Experts Report: We’re in the Early Stages of Economic Recovery
“Securing Your Future: Planning Your Retirement in Today’s Market,” a panel discussion, addressed the benefit of preparing for retirement in today’s economy and positive signs that the Atlanta real estate market is experiencing a revival.
Atlanta’s seniors turned out to listen to advice provided by experts on the Atlanta real estate market, economy and elder care law. The overall theme of the discussion focused on the importance of preparing for the future as the market prepares to rally.
Panel members included Roger Tutterow, professor of Economics at Mercer University; John Hunt, president and founder of the New Home Buyer, a company that creates the New Home Buyer Report for the Atlanta market; and Ruthann Lacey, one of only five Certified Elder Law Attorneys in Georgia.
“There is no doubt that it has been a very difficult couple of years,” said Hunt. “The effect in Atlanta is without precedent. The good sign is we are getting closer to a bottom. We got too low with our resale prices in Atlanta, but prices have bottomed and resales are starting to recover. We started seeing positive resale numbers in the third quarter of 2009, and we have started to see appreciation for the first time since 2006.”
Roger Tutterow echoed Hunt’s sentiments, offering the audience bold statistics that show a possible return to the employment level of 2007 by late 2012 or early 2013.
“Right now we’re in the early stages of the economic recovery,” he said. “When you have fallen as far as we have, it takes time for the market to get back to where it should be. Everything shows that the economy is growing again. By 2011, we could possibly see shortages in residential real estate.”
Ruthann Lacey addressed paying for long-term care and the four ways to do so: private funds, long term care insurance, Medicare and Medicaid. She added that planning for the future makes sense at a time when a person is looking to make a transition in their life, such as moving to Park Springs.
“Securing Your Future” is just one of the many educational, cultural and social events hosted on the Park Springs campus each year. Many are open to residents of the surrounding community. To find out how you can be added to the Park Springs guest list, call 678-684-3300.