The Atlanta market continues to prosper despite national slowdown
Atlanta | Home Owners | Real Estate |
A new article published by HousingWire in February states “While metros across the country weaken in the wake of a market slowdown, the city of Atlanta is thriving, according to new data from Redfin.”
This is good news amid a lot of talk in the industry that with rising interest rates, sales would start to slow.
Despite a thriving market in Atlanta, low inventory remains a concern. However, “According to Redfin’s data, building permits were up 72.2% annually in October of last year, and the city issued $5.6 billion worth of building permits in 2018.” This means that new construction homes will help increase the available inventory.
Written by Megan Blanks, Marketing Director at McManamy McLeod Heller.
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