Sitting on the fence? Consider this article from HousingWire.com. “While metros across the country weaken in the wake of a market slowdown, the city of Atlanta is thriving, according to new data from Redfin.
According to Redfin’s analysis, not only is price growth in Atlanta stronger than the U.S. overall, homes in the city are selling faster.
“Atlanta area home prices were up 4.8% annually to a median of $229,900 in January, marking nearly seven years of growing prices,” Redfin writes. “While notoriously hot West Coast markets are cooling—prices in San Francisco fell 5 % and price growth in Seattle slowed to 0.6% year over year last month—some signs indicate that Atlanta is bucking the trend.” Redfin attributes this to the surge in homebuyers looking to move inland.