Prices on Homes in Lower End of Atlanta Market Increase at Fast Clip

Prices on homes valued in the lowest 20 percent of the Atlanta area housing market have increased at a faster rate than more expensive homes during the past few years, adding yet another challenge for homebuyers in lower income levels to overcome in Atlanta and around the state of Georgia.  In addition, rising home mortgage interest rates disproportionally affect homebuyers with lower incomes. Further reductions in affordability are expected as home prices continue to increase.   The supply of new homes in the region is expected to remain tight, increasing competition among buyers and leading to increasing home values. Prices on more expensive homes in the Atlanta area continue to rise as well, but at a much lower clip than homes in the lowest 20 percent of the home market.


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