Entry Level Homes More Difficult to Find

First time homebuyers are finding it more difficult to find suitable entry level homes. Nationwide, the inventory of starter homes in the first quarter of 2018 decreased over 14% from a year earlier, while median list prices rose nearly 10%, the steepest increase among all housing market segments. The trend extended to the Atlanta area, where first time homebuyers face low inventory and competition with other buyers, leading to even higher home prices and forcing many potential homebuyers to stay in the rental market. Buyers looking for entry level homes can still find affordable properties in the Atlanta area, however, by searching in lesser-known intown neighborhoods and in the outlying suburbs.

Contact Peachtree Mortgage Services, Inc. at peachmtg@bellsouth.net to discuss financing your entry level home.


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