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Old 06-30-2016, 01:53 PM
 
Location: Vinings/Cumberland in the evil county of Cobb
1,275 posts, read 1,183,275 times
Reputation: 1423

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A study by Georgia Multiple Listing Service confirms what many have suspected, or already known, about Atlanta: there’s a huge shortage of homes for sale here.
In fact, according to the data — relayed recently in this news release by Virgent Realty — Atlanta’s shortage of homes is the worst in the whole freaking country as of May 2016.






Study: Atlanta has Worst Home Shortage in Whole Country - Curbed Atlanta
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Old 06-30-2016, 01:55 PM
 
Location: Vinings/Cumberland in the evil county of Cobb
1,275 posts, read 1,183,275 times
Reputation: 1423
This is pretty hard to believe, but I guess the numbers don't lie?
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Old 06-30-2016, 01:59 PM
 
Location: St Simons Island, GA
23,064 posts, read 35,020,344 times
Reputation: 15204
Quote:
Originally Posted by glovenyc View Post
This is pretty hard to believe, but I guess the numbers don't lie?
I believe it. I've had more than one realtor friend tell me that there's simply no inventory to show clients.
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Old 06-30-2016, 02:04 PM
 
Location: Prescott, AZ
5,554 posts, read 3,042,304 times
Reputation: 2254
Quote:
Originally Posted by LovinDecatur View Post
I believe it. I've had more than one realtor friend tell me that there's simply no inventory to show clients.
As someone hoping to buy soon, this is worrysom.
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Old 06-30-2016, 02:27 PM
 
6,816 posts, read 6,948,505 times
Reputation: 5486
I kinda feel like everyone who wants to move to the Atlanta metro wants to either move into the city or the northern half of the suburbs.
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Old 06-30-2016, 02:42 PM
 
Location: Vinings
6,333 posts, read 3,417,050 times
Reputation: 3526
Just need to convert a few nice apartment complexes/buildings in Buckhead/Midtown, into condos.
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Old 06-30-2016, 02:43 PM
 
4,011 posts, read 2,526,981 times
Reputation: 1967
BS.

That title goes to San Francisco imo
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Old 06-30-2016, 02:51 PM
 
Location: ATL -> HOU -> DAL
4,392 posts, read 3,558,294 times
Reputation: 3491
Building has really picked up near me. There are a few new subdivisions going up when for years there was no new construction. Also a few single homes being built.
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Old 06-30-2016, 05:30 PM
 
Location: Athens, GA
261 posts, read 124,860 times
Reputation: 86
I find this hard to believe. I had a 1 BR condo in Midtown that was worth $160K when I financed in May 2007 (perversely, before the first wave of the subprime crisis-related Fed rate cuts). When I strategically defaulted on it in summer 2015[1], it appraised at $85K. It's around $90K now.

[1] In part due to being 48% upside down and most alternative courses of action being forbidden by the HOA (e.g. a leasing gap and building chronically being leased to the limit).
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Old 06-30-2016, 05:44 PM
 
222 posts, read 167,680 times
Reputation: 214
Quote:
Originally Posted by Ant131531 View Post
I kinda feel like everyone who wants to move to the Atlanta metro wants to either move into the city or the northern half of the suburbs.
Houses in Coweta and Fayette counties are selling in a week with multiple offers in many situations.
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