Personal incomes aren’t growing quick enough nationally to keep up with rising home prices, but Atlanta is the nation’s most affordable housing market, a new report from Interest.com says. Personal incomes aren’t growing quick enough nationally to keep up with rising home prices, but Atlanta is the nation’s most affordable housing market, a new report
HOUSING RECOVERY – ATLANTA ONE OF HARDEST HIT CITIES – EXPERIENCES STRONG RECOVERY
The lowest point of the housing bust was characterized by a glut of supply. Homes for sale remained on the market longer, and foreclosed homes and those with mortgages in default added to or threatened to add to this inventory. As a result, prices fell, and construction of new homes fell to extremely low levels.
ATLANTA HOUSING MARKET IS ON THE RISE
(Atlanta, GA – February 6, 2013) Due to strong demand and limited supply of both new and resale houses, home prices could rise by as much as 10% in 2013. Net job growth may push this number even higher. According to a recent report by Metrostudy, a national housing intelligence and consulting firm that maintains