Is the South Atlanta Housing Market Weakening?
Posted by Hank Miller on
Parts of the south Atlanta real estate market are showing signs of weakness, a general lethargy. While the broad region is largely stable, several areas of the metro area are flashing yellow. These areas are mainly south of I-20 where a significant amount of post pandemic activity was experienced. Similar traits were noted during the '08-'12 bubble-crash, increased attention and then giving back the gains made. As then, we see the influences of builders, ownership programs, and speculators possibly at play. This is a different housing market, but patterns are developing which should be watched.
These maps from ResiClub focus on those markets (by zip) south of I-20. For reference, the FMLS zip code map below provides a general idea of layout.…
389 Views, 0 Comments
"Torture the data, and it will admit to anything". Something the MSM and all of the click bait publications know well. Every day, it's continuous hand wringing and self created angst about real estate. Designed only to generate clicks, gone are the deep, well researched missives. Now the reports are tic toc level, AI generated, pablum. And just about all of it is wrong or misleading. ALL real estate is local, VERY local.
was one of the quietest months in memory. Fortunately, the market quickly woke up (as the economy settled) and the Atlanta market got back to business in May.
estate market exploded and subtle fundamental changes began to appear. Zillow crashed in spectacular fashion, other iBuyers dabbled grew their presence a bit more and institutional investors decided they really love homes. Atlanta has always been an investor darling, but over the last couple of years, activity has exponentially increased. "They" know something...Wall Street is far ahead of the real estate curve and what they anticipate seems to be coming into focus. They're on a massive buying spree and tightening the chokehold; the impact on home buyers, especially in the Atlanta market, is brutal. Their…