It indicates that 50 percent of the entire housing stock in the area is. Housing experts said big companies continue to buy to rent and build to rent within the Atlanta metropolitan area. Leaving aside the short-term effects of Covid-19 that are expected to end, the Atlanta housing market is strong The Atlanta housing market has a housing shortage that will continue to contribute to rising prices. Instead, aspiring first-time homebuyers are looking for single-family homes to rent, making the Atlanta metro area an ideal choice for rental property investors.
Each month, Freddie Mac publishes a House Price Index (FMHPI) report that updates short- and long-term trends in home prices in all major U.S. markets. UU. ATLANTA Researchers at Florida Atlantic University say Atlanta has one of the most “overrated” housing markets in the United States.
Merkerson said a recent seller he represented was initially looking to sell his house in Stockbridge to a local buyer who intended to live there. As the Georgia MLS marketing officer notes, “Atlanta is such a transient city: there are always people who move and need housing. Two key methods that real estate investors use to predict potential demand for rental properties in a specific market are to review historical price changes and housing affordability in the metropolitan area. The monthly supply over a 12-month period declined to 0.9 months, meaning sellers are still unable to meet buyer demand.
While some economic activity will resume as the state gradually reopens, the housing market is expected to remain slow for the next few months until the economy fully opens up. However, Merkerson explained that the buyer struggled to refuse a corporate investor's quick, cash offer. In terms of months of supply, Atlanta can become a buyer's housing market if supply increases to more than five months of inventory. Limited on-hand inventory and declining new listings keep Atlanta's housing market biased toward sellers.
Ideally, a buyer would prefer a ratio of sale price to list price close to 90%, while a seller would always prefer scenarios that could yield a ratio of 100% or greater.