Atlanta Home Inventory Increases in June

Active home listings on the Atlanta real estate market increased over 23% in June when compared to a year earlier, a hopeful sign for prospecive home buyers who have been unable to purchase a new home in recent months. Prospecitve buyers have faced a lack of available inventory; rapidly increasing home mortgage interest rates; and stiff competition from other buyers. Corporate buyers, who have been buying more single family homes to convert to rentals, have also contributed to the higher demand for homes and higher sales prices in the Atlanta area and across the state of Georgia.

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


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