New builders revive stalled neighborhoods

By Michelle E. Shaw

The Atlanta Journal-Constitution

When Stephen Bradshaw and his wife bought their Forsyth County home in April 2009, their only neighbors in the Estates at Old Atlanta subdivision were seven unsold homes and 64 vacant lots. That didn’t bother Bradshaw. He loved his house, a spec home that sat unsold for more than a year before he came along.

I got an almost $600,000 house in the mid $400s,” he said. “Besides, I figured they’d wait until the market turned around to finish building it out, and I was fine with that.” That’s not quite what happened.