Atlanta Area Home Prices Continue Rapid Increase in April

Atlanta area home prices continued to rise rapidly in April, according to a recent report. Home prices in the area were up over 26% when compared to a year earlier, one of the largest year over year price increases in the country. Only Tampa, Miami, Phoenix, Dallas, and Charlotte had sharper price increases. Real estate experts, however, say that since home mortgage interest rates had just begun rising in April, similar home price increases in the Atlanta area may not be sustainable in the coming months. Rising home mortgage interest rates make purchasing a home or refinancing a home mortgage loan more expensive, reducing the amount most home buyers are able to pay for a new home.

Contact Peachtree Mortgage Services, Inc. at peachmtg@bellsouth.net or 770.481.0052 to discuss your home mortgage needs.


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