First-time homebuyer hot spot: Atlanta-Sandy Springs-Marietta, Ga.

Inman News special report excerpt

The Atlanta metro area’s median sales price peaked in third-quarter 2006 at $186,000. As of the first quarter, the median was down 34.4 percent, to $122,000, considerably lower than the national median.

"I think for the greater Atlanta area, the downturn was a market correction that needed to happen," said Stacy Carter, associate broker at Better Homes & Gardens Real Estate Metro Brokers in Roswell, Ga.