Atlanta Area Housing Prices Continue to Increase

The Atlanta area is becoming a less affordable housing market, according to a recent report. The supply of available homes remains low, and potential home buyers face increasing competition not only from other home buyers but also from institutional real estate investors. As a result, the average sales price of a home in metro Atlanta rose to $360,000 last month, an increase of $70,000 when compared to a year earlier. In addition, home mortgage rates have been increasing in recent weeks, further increasing the costs associated with buying a home in the Atlanta area.

Contact Peachtree Mortgage Services, Inc. at peachmtg@bellsouth.net or 770.481.0052 to discuss our low home mortgage interest rates.

 


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.