An article in the Atlanta Journal discusses the current real estate market in Atlanta, specifically Buckhead, and some people believe a crash is imminent.  See Atlanta a poor choice for real estate investment, report says; City is overbuilt, ‘bloodbath coming’ in construction-crazy Buckhead, Urban Land Institute says, by Kevin Duffy.

All the construction activity in Buckhead is “goofy.” That description comes not from a disgruntled neighbor but the Urban Land Institute, a national organization of developers, many of whom are in Atlanta…

Next year “promises tough times [in Atlanta] as an overbuilding hangover and slipping demand roil investors,” states the report, now in its 30th year. “It’s no time to buy in any of the property sectors. Office developers play a game of chicken in Buckhead, where a bloodbath is coming.”

Buckhead absorbs less than 500,000 square feet of office space annually, but more than 2 million square feet is under construction, the report points out. “The goofy activity defies description.”

…