I spent part of the day touring properties in various Atlanta neighborhoods with a friend who’s moving. I was able to chat with his agent. Here are a few takeaways:
- Inquiries from people relocating from outside Georgia remain brisk. Atlanta is a desirable city for a variety of reasons. People are recognizing the value it offers relative to other cities and making the move.
- Neighborhoods that are transitioning from undesirable to desirable are doing so at an accelerated pace.
- Inventory of single-family homes for rent and purchase remains very tight. Properties in desirable neighborhoods don’t last long.
- Construction of single-family homes and townhomes continues but isn’t keeping up with demand.
- Infrastructure may not be keeping pace with population growth. Traffic is likely to get worse before it gets better.
- Density is increasing in desirable neighborhoods inside the perimeter.
I enjoy talking with real estate agents. They’re on the front lines and always have interesting insights to share. Atlanta is a great city with lots to offer. I suspect we’ll continue to see people moving here for the foreseeable future.
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