Atlanta is a tale of two cities. Places south of Atlanta Fairburn, Union City, Ellenwood, etc. prices are coming down a lot. Meanwhile, Lawrenceville, Stone Mountain, etc. a house priced right will sell in a day. Love the content, no bias, no BS just facts.
Love your content. Appreciate the sharing of the data. I look for it monthly although I've moved out of the area. @1:58 Doesn't that chart look unsustainable? This is a classic "blow-off top" in any other asset class. Obviously, real estate is different. I'm not saying prices or rent will budge, but there's no way this trend doesn't catch up to us through some other backdoor. We just sold in Alpharetta/Johns Creek and did amazingly well, but we bought into a much weaker market in Northwest Fl. I would be sick if I had to get into the real estate market for the first time right now.
I am with you, I don't think it is sustainable. And it is so difficult for any first time home buyer right now without help. I think a slow down will come in a year or two, then some stagnation and then a drop in prices if we can get inventory up. I actually think because prices are so high, that if we can get inventory up to 4-5 months, that prices will start to come down. Even though that is technically still a sellers market, I think that would be enough inventory to stagnate or reverse the pricing surge. Thanks for watching and commenting.
@@AtlantasRealMcCoy Seems like Atlanta just keeps attracting people too. Especially the metro area. People from up north still see it as an inexpensive market. Everything is relative, I suppose. We want to retire back up there, but now just seems like the time to build cash positions and work on building equity. Keep up the good work! You have dedicated (albeit quiet) viewers. People are looking for balanced, non-partisan voices that feel comfortable keeping things neutral. I appreciate it.
Atlanta is a tale of two cities. Places south of Atlanta Fairburn, Union City, Ellenwood, etc. prices are coming down a lot. Meanwhile, Lawrenceville, Stone Mountain, etc. a house priced right will sell in a day. Love the content, no bias, no BS just facts.
Thanks for watching and commenting. I try to keep it real and just bring the facts.
Very useful information!
Thanks
Love your content. Appreciate the sharing of the data. I look for it monthly although I've moved out of the area. @1:58 Doesn't that chart look unsustainable? This is a classic "blow-off top" in any other asset class. Obviously, real estate is different. I'm not saying prices or rent will budge, but there's no way this trend doesn't catch up to us through some other backdoor. We just sold in Alpharetta/Johns Creek and did amazingly well, but we bought into a much weaker market in Northwest Fl. I would be sick if I had to get into the real estate market for the first time right now.
I am with you, I don't think it is sustainable. And it is so difficult for any first time home buyer right now without help. I think a slow down will come in a year or two, then some stagnation and then a drop in prices if we can get inventory up. I actually think because prices are so high, that if we can get inventory up to 4-5 months, that prices will start to come down. Even though that is technically still a sellers market, I think that would be enough inventory to stagnate or reverse the pricing surge. Thanks for watching and commenting.
@@AtlantasRealMcCoy Seems like Atlanta just keeps attracting people too. Especially the metro area. People from up north still see it as an inexpensive market. Everything is relative, I suppose. We want to retire back up there, but now just seems like the time to build cash positions and work on building equity. Keep up the good work! You have dedicated (albeit quiet) viewers. People are looking for balanced, non-partisan voices that feel comfortable keeping things neutral. I appreciate it.