Greater Atlanta Housing Report 1st Qtr 2022
Posted by Hank Miller on
Early 2022 is in the rear view and we can now look back at the Greater Atlanta
housing report for the first qtr of 2022. Best not to stare too long into the data, not many folks like what they see. Sure, sellers continue to hold the aces...until it's time to become a buyer. Sure, inventory has to increase as it can't get any tighter...yet it did. Sure, at least rates are great...oh wait. Well now that we're past lock downs, spring break and Easter, surely we'll get back into the "typical" cycles...we'll soon find out. Obviously, the point is that despite forecasting and prognostication, the only things we know are that rates are blasting higher and buyers continue to be pounded.
So let's have a basic and broad look at the great Atlanta housing report…
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housing inventory in Atlanta increase during the first quarter of 2022? Well that answer is more than a yes/no binary option, context is needed and that’s best done by looking back a bit. The first quarter of any year around Atlanta tends to set up the second one. Traditionally, the months of May and June see the most new listings as the school cycle hits – graduating families sell and rising families buy. This year however, rocketing mortgage rates and other economic challenges may change that.
the basement wearing a mask, gloves and bicycle helmet waiting for instruction. Most folks look to mitigate risk but it’s a part of daily life. It’s also part of buying a home; successful home buyers embrace risk. "Measured risk” is a good way to summarize how buyers need to think right now as conventional tactics are simply not effective in this market (4/22).