The Atlanta Real Estate Market Remains Strong Despite Interest Rates
Posted by Hank Miller on
The Atlanta real estate market remains strong despite the rates. We now have two full years of data since the rates jumped, two spring markets to review. While the expected drop in numbers
occurred, values have not missed a beat. To be fair, the "metro Atlanta" region is far to large and diverse to paint with one brush. However, this data is useful in providing a good indicator of macro trends. Every submarket is different, as is every type and price point. Success is found by working with skilled professional agents, not some hobby hack agent with ten other side hustles. Below is a review of the six major metro counties and all price points.
Atlanta Home Prices Are Still Increasing
Higher interest rates are not slowing home appreciation in Atlanta.…
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estate industry experts"…all of them. Straight up gaslighting you. Telling you about dropping rates, dropping prices and increasing inventory. They're straight up BS'ing you.
About two years ago this month, Atlanta real estate and interest rates started a very complex relationship. The Fed slammed the brakes on low rates, and despite the initial wobble, the Atlanta real estate market found stability and firm ground. There was pain of course, many buyers were eliminated and the withdrawals from those low rates is still being felt. Two years in, we have enough data to evaluate the impact of the rate jump; the questions of “how much, how many, and how long” can be answered at this point. Comparing Feb '24 to Feb '23 and Feb '22 (six main metro counties); we see how hard those rate increases hit in '22 and how the market adjusted through '23.
As the early spring 2024 season opens around Greater Atlanta, some home buyers are still facing multiple offers. This is not the same universal craziness that we saw during the post pandemic days, but the current inventory of highly desirable homes remains fiercely competitive. Greater Atlanta saw a significant influx of post pandemic buyers coming to town with pockets full of cash. They were hungry to buy, and they did. Sellers could list pretty much anything at any price and it would go quickly at or over list. Those days are over...sorta.
ping pong and badminton. It’s played with a plastic ball with holes in it that resembles a wiffle ball. While the sport was created in the 1960s, it recently gained steam during the Covid-19 pandemic, as people looked for ways to get exercise outdoors and also be social. But not everyone is thrilled, especially home owners within ear shot of the courts.
refuse to close? What used to be infrequent is becoming more common; Sellers backing out of contracts. They might have second thoughts about giving up a low rate or realize that maybe it’s better to keep the home they have. If that happens, what can a Buyer do?
on this topic. This is not legal advice and every situation is different. Remember, a ham sandwich can be sued...
commonly used in residential water supply systems from the late 1970s to the mid-1990s. Polybutylene pipe was popular due to its low cost and ease of installation. However, it eventually fell out of favor due to concerns about its long-term durability and potential for leaks and failures. The greater Atlanta area has a significant number of homes with poly pipes and