Rising Home Mortgage Interest Rates and Inflation Impact Atlanta Area Median Sales Price
The median sales price of homes in Georgia and across the US saw a slight decline in June as rising home mortgage rates led to fewer sales and more homes remaining on the market. The average asking price, as well as pending home sales, also declined from their peak earlier this year. Local Atlanta area real estate experts expect prices to continue to decline slightly in the coming months as mortgage interest rates and inflation begin to drag the local housing market.
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