Affordability Issues Continue to Challenge Housing Market

The housing market in Georgia and across the US continues to face affordability issues with increased competition and recent tariffs driving up the cost of home construction even more. Meanwhile, wages have failed to keep up with the rising costs. According to a recent survey, over 75% of respondents said that housing affordability is an issue in their area. A majority of survey respondents reported that they would support increased government programs to reduce restrictive zoning and other regulations in order to ease affordability issues.

Buying a new home in metro Atlanta? Refinancing a Georgia home mortgage loan? Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or peachmtg@bellsouth.net.