Housing Market Remains Strong But May Be Cooling
Although the housing market in the Atlanta area remains strong this summer with bidding wars still common among potential home buyers, several national market indicators may point to a coming slowdown. Pending home sales, for instance, are down 10% from a peak earlier in 2021, and applications for new home purchases have declined every month since March. Competition for new homes remains strong, but many potential buyers are putting home buying plans on the back burner as prices continue to rise and they become priced out of the market.
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