Everyone says real estate is local. That's true, but there are many additional factors influencing the market and how it will behave financially. I don't want to bog you down in crazy details, but I feel it's important to provide an overview of some significant changes happening in Atlanta.
If you are not aware, we are in one of the most constrained markets from an inventory perspective in at least a decade. This is part of why prices have moved up as quickly as they have. Price increases are likely to continue at the current pace until:
- Inventory increases
- Interest rates increase
- At certain price points, the stock market has more significant struggles
Each of these factors will have an affect on pricing, but the impact varies based…