If you are considering entering the housing market and become a homeowner in 2017, it is important that you keep yourself updated with the latest Atlanta real estate market trends and happenings in order to make a well-informed decision. Being a real estate expert, I am often consulted by real estate agents, as well as clients who all have a common question — “what should they expect from the real estate industry?”
For the convenience of my readers, I have compiled the 3 trends that will shape the Atlanta real estate market in 2017, in my opinion. Read through to learn whether buying a house this year will be the right decision for you.
1. Deregulation of the Housing Industry Will Make Homeownership An Easier Endeavor
During his presidential campaign, Donald Trump vowed that he would make massive regulatory cuts and ensure huge spending on infrastructure in order to facilitate homeownership by the locals. This is likely to leave a positive impact on the Atlanta real estate market and will lead to the deregulation of the industry, making it easier for people to get a mortgage loan and buy a home.
2. Tight Housing Supply Will Lead to Price Appreciation
While there is a shortage of homes available for sale all across the US, the housing supply is particularly tight in downtown Atlanta and North Atlanta suburbs. On the other hand, the wave of millennial home buying is further increasing real estate demand. This demand-supply disequilibrium will lead to an increase in the prices of homes in Atlanta real estate market. This means that if you remain successful at finding a cheap real estate deal in Atlanta, you will be able to get high returns on your real estate investment very soon.
3. People Would Want to Move Away from Suburban Lifestyle
Over the last few years, I have noticed a new trend among homeowners in Atlanta. They are moving away from suburbs to densely-populated communities that offer them easy access to a variety of amenities. Consider the example of Downtown Marietta. The place provides its residents the perfect combination of urban and suburban lifestyle. With reputable public schools, parks, entertainment facilities, and grocery stores located nearby, the place offers everything a homeowner can ask for.
Considering the success, I expect more and more of Atlanta homeowners to move closer to these communities. This will push property prices up in urban areas and lead to a large number of cheap real estate deals in suburban communities.
To summarize, 2017 is likely to be a pretty good year for Atlanta real estate market. However, as more and more buyers enter the market, it will become difficult to find a lucrative real estate deal and homeowners may want to partner with a real estate agent to navigate through the evolving landscape.
To learn more or find your dream home in Atlanta, you may search through the listings published on my website. If you are a real estate agent who wants to establish a career in Atlanta real estate industry, you may register for my upcoming workshop Million Dollar Producer here.