It can feel like storm chasing. For several years now, Atlanta’s limited housing supply, coupled with mushrooming demand, has meant prospective buyers have had to scramble with an offer.
The average metro housing price has gone up 15% in just the past year to $430,000. That’s nearly double what it was just five years ago.
Historically low mortgage rates have helped drive the market. But recently, efforts to cool inflation have caused mortgages to become severely more expensive.
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