Monday January 17th, 2022 2:22PM
12:00AM ( 14 hours ago ) Weather Alert
3:00PM ( 1 day ago ) Weather Alert

Norton recaps 2021 local market trends

By Lauren Hunter Multimedia Journalist

2021 was a big year in many ways, especially for the real estate market.

Frank Norton, Jr., CEO of the Norton Agency, said people began moving to Georgia at the start of the COVID-19 pandemic. He said on WDUN's Mornings on Maine Street this "migration" started with the onset of the COVID-19 pandemic and continued in 2021.

"Some states lost 400,000 people, it's estimated that Georgia may have gained in just those 18 to 24 months, an additional 100,000 people relocating to our state," said Norton.

Anyone from the Hall County or even metro Atlanta area has likely noticed an explosion in growth over the last few years.

Norton said growth has contributed to another big trend for 2021. He summarized it all in a word that starts with the letter 'm'.

"The 'm' word is moratorium and it signals two things," said Norton. "It signals to the industrial development community and the relocation community, the big industries...that is a community that is not going to be able to handle its growth."

Norton added another takeaway from 2021 is the growth of one sector the local economy- the tourism industry.

"We're seeing a depth of tourism develop around our region," said Norton. "And [tourists] leave great money here and they leave tax dollars when they buy that bushel of peaches from Jaemor...they're leaving their tax dollars here in Northeast Georgia and that will continue."

Norton's annual Economic Forecast is scheduled for Tuesday, Jan. 25 at 6 p.m. It will be held at Lanier Tech Convention Center and is open to the public. More information about the event is on the Norton Agency website.

To hear more from Norton recapping the 2021 economy, click on the audio above. This interview aired live on WDUN's Mornings on Maine Street on Jan. 3.

© Copyright 2022
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Norton recaps 2021 local market trends
2021 was a big year in many ways, especially for the real estate market.
10:00AM ( 40 seconds ago )
Arbery killers get life in prison; no parole for father, son
Three white men who chased and killed Ahmaud Arbery have been sentenced to life in prison, with a judge denying any chance of parole for the father and son who armed themselves and initiated the deadly pursuit of the 25-year-old Black man
5:24PM ( 16 hours ago )
No serious injuries after Gainesville home catches fire
One person was treated for smoke inhalation following a house fire in Gainesville on Thursday evening.
4:45PM ( 17 hours ago )
Local/State News
Economic expert advises North Georgia leaders to invest in millennials, embrace diversity
For Hall County - and the rest of North Georgia, for that matter - to grow responsibly in 2016, area leaders are going to have to make housing affordable, invest in the millennial generation and stop ignoring the diversity of the population.
7:00AM ( 5 years ago )
Local expert: Current housing market 'craziest I've ever seen'
Over the past year, values have changed drastically for used vehicles, lumber and even retro video games. The housing market is no exception to those changes.
4:00PM ( 5 months ago )
Former church opens doors Tuesday to new life as apartment homes
‚ÄčCommunity members can tour a divine new housing complex crafted in the former First United Methodist church in New Holland Tuesday.
2:00PM ( 1 year ago )
Housing community for Northeast Georgia Medical staff coming spring 2020
The Norton Agency released a development plan near the intersection of Jesse Jewel and Limestone Parkways for a housing village designed for the new wave of medical residents at Northeast Georgia Medical Center.
2:15PM ( 2 years ago )
Norton Agency, others work to preserve New Holland Methodist Church
The historic New Holland Methodist Church will get some new life soon as a group plans to register the structure as a historic place and turn it into a residential development.
12:00PM ( 3 years ago )