Atlanta Home Prices Rising Faster Than Median Pay
Average home prices in metro Atlanta rose 5.7% in the last year, more than twice the increase in median pay, increasing concerns that the Atlanta region is becoming less affordable. The price increases are particularly acute at the lower-priced end of the market, impacting younger buyers and first time home buyers. With fewer affordable homes on the market, buyers end up bidding against one another, raising home prices even further.
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