By The Numbers
Atlanta was second only to Dallas-Fort Worth by number of multifamily deals between 2009 and 2020, according to CommercialSearch.
Atlanta saw a drop in bidding wars with 26% of Redfin offers in January compared to 34.8% in December 2020.
The study dispels a long-held belief that nearby homes lose value once low-income housing is built in an area.
The Atlanta metro area continued to see a healthy pace of home sales in January despite dwindling inventory, Georgia MLS said in its Housing Snapshot.
After a bumpy start to 2020, Georgia’s housing market shrugged off much of the initial pandemic-related disruptions to post a solid finish to the year, with major indicators pointing to strong demand and tight supply, according to the Georgia Association of Realtors’ annual report.
The trend of purchasing a second home has sent home prices in seasonal towns skyrocketing in value by 19% for the year ending December 2020.
Fence-sitters thinking of buying a home beware, says a new study from Zillow, which notes that waiting could mean a much higher mortgage payment down the road.
“Homeowners will see the value of their homes rise, but first-time homebuyers will face tougher competition from out-of-towners with big budgets.” — Daryl Fairweather, Redfin chief economist
It was the 5th best month of the year and outperformed most of 2019.
“Historically low-interest rates, a shortage of new housing inventory and limited new construction have contributed to rising home prices nationwide.” — Don Ganguly, senior vice president of Mynd Investor Services