Good news for Savannah Ga

http://www.ajc.com/business/recovery-wont-hit-hot-967012.html

This report from Atlanta is mixed. Banks are still holding onto capital, so loans are hard to get, but exports are doing well, which is good news for Savannah with our port system doing better each year.

With interest rates still low and house prices low, if you can get a loan to buy a home, Savannah's economic outlook looks bright enough to make the investment. As real estate agents say quite often now -- I have no crystal ball -- but, I feel good about Savannah's prospects in the next 5-10 years.

Reasons to be hopeful for the health of Savannah real estate

Savannah has a diverse economy -- manufacturing, import/export port, all the retail warehousing that feeds off the port, fishing industry, military bases,  and tourism. This means that Savannah is not dependent on any one industry.

Plus, home prices in Savannah didn't rise as high as the northeast and the west, so homes in Savannah, Ga and the surrounding area are relatively low for a city that has so much to offer and is also on the coast.

After the cold winters in the northeast, Savannah looks more appealing. When the economy recovers, baby-boomers will likely consider Savannah a prime destination to start a new life in retirement.