Atlanta Real Estate Market 2016 Predictions
Last year saw yet another record increase in terms of median price increase, a whopping 7.4% for metro Atlanta! (Typically it's only about 3% every year). The cause of this was an economy that although very fragile was as strong as it's been in the past 8 or so years and low inventory.
Ultimately, new construction started again last year and all was right in the real estate world. What you might not notice is that we've been saying this very same thing for 5 years! Here's a review:
- Prices are low but increasing
- The interest is so low that affordability is very good
- Rent rates are also rising
So what's changed - nothing really except rates did go up for the first time in a LOOONG time…