Think You Can’t Afford to Buy a House?

On the fence about buying your first house? Or, maybe you already own but are thinking of selling your current home in favor of one that better suits your current circumstances.

Atlanta real estate has been in the news lately and some of the information just might help you decide.

A recent study published by RealPage puts Atlanta among the top 4 cities nationwide in terms of rent increases, with Atlanta experiencing a 5.3 percent year-over-year increase.

If you’ve driven around Midtown or Buckhead over the past year, you’ve probably witnessed the construction boom with your own eyes. And, developers are focusing on expensive apartments. Average rent in Atlanta is $1,215, which is $73 higher than January 2018.

Curbed Atlanta has a great article about this trend. Read it here:

https://atlanta.curbed.com/2019/2/25/18239643/rent-growth-outpace-national-average-report While rising rents don’t sound positive, there is good news.

A new study reveals Atlanta is among the 20 least expensive markets in which to buy a home. According to the mortgage resource website HSH.com, buyers earning at least $50,000 a year can easily afford a typical home in Atlanta.

Interested in reading more about this study? Checkout this article that originally appeared in Patch.com:

https://patch.com/georgia/atlanta/how-much-you-need-earn-afford-home-atlanta-metro