Rental Rates Rise in Atlanta Region

Atlanta is one of the US housing markets where rental rates have grown the fastest during the last year according to Zillow, with a 4.5% increase in rental rates. Home prices increased at an even greater clip, adding yet another barrier for first time homebuyers, in addition to a low inventory of available homes on the market and rising home mortgage interest rates. Rising home prices are forcing many renters to delay buying a home as higher prices lead to larger downpayment requirements and the number of available homes to choose from continues to decline.  Increases in rental rates would  have been even higher without the large numbers of apartments recently constructed.

Planning to buy a new home in the Atlanta metro area? Contact Peachtree Mortgage Services, Inc. by phone at 770.481.0052 or by email at peachmtg@bellsouth.net.


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