Dec 16, 2024 - News
Metro Atlanta home prices tiptoe down
Add Axios as your preferred source to
see more of our stories on Google.
Home price growth in metro Atlanta has slowed significantly in the last three years.
Why it matters: You can thank mortgage rates for that.
The big picture: High mortgage rates suppress demand, which suppress home price growth.
What we're hearing: Mortgage rates are expected to remain elevated in 2025, though they could land somewhere closer to 6%, per a new Realtor.com forecast.
What's next: If rates and inventory don't change in 2025, expect home prices to stagnate.
- If rates fall sharply, home prices will likely shoot back up.