Temple, Georgia This population growth has led to high demand for housing. Atlanta is a seller's housing market, which means that prices tend to be higher and homes sell faster. If you want to buy a home or rental property in Atlanta for sale, this list of some of the best suburbs in Atlanta is for you. Buying or selling real estate, for most investors, is one of the most important decisions they will make.
Building rental communities in Atlanta are all the rage, especially in a metropolitan area like Atlanta, where 50% of homes rent instead of owning. Experienced Atlanta real estate investors also research housing affordability to help forecast current and future demand for rental real estate. The Atlanta housing market has a housing shortage that will continue to contribute to rising prices. The reason for the skyrocketing price increase is due to overwhelming demand for homes in the state and across the country, according to Roy Black, professor of finance at Emory University's business school.
You are watching this trend to see if investors will eventually sell the houses again or leave them in the market to create a hypersupply. News %26 World Report measures housing affordability in each state using data from Moody's Analytics and the U. As the Atlanta Business Chronicle reports, there haven't been many entry-level homes to buy in recent years. 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. 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. Given those estimates, it's not surprising to find that 61% of its residents choose to rent their homes, while only 39% own their home.