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Atlanta Alerts

A daily look at the most significant and interesting stories affecting Atlanta. Written by Emma Hurt, Kristal Dixon and Thomas Wheatley.

Axios Atlanta Thought Bubble

Axios Atlanta

Escape the summer heat with these swimming spots, all listed on pool-sharing company Swimply. 

How it works: Pool owners can list their pools for chunks of time, just like homeowners list their properties on Airbnb. 

To find a pool, plug in your location and a list of options near you pops up. 

This oversized saltwater pool comes with free pool toys, WiFi, and plenty of spots to sit in the shade.  

Cost: $50 per hour for up to 8 guests ($5 per hour, per guest after 8 guests)

This luxury oasis comes equipped with a tanning ledge, hot tub, 8-foot waterfall, and grotto, all while you're surrounded by palm trees and other tropical landscaping. 

Cost: $81-$90 per hour for up to 10 guests ($5 per hour, per guest after 10 guests)

Host your next party at this private pool tucked away on a 3.5-acre estate. 

Cost: $100 per hour for up to 10 guests, ($5 per hour, per guest after 10 guests)

3 private pools to rent near Atlanta starting at $50 an hour

Outdoor activities

Escape the summer heat with these swimming spots, all listed on pool-sharing company Swimply. How it works: Pool owners can list their pools for chunks of time, just like homeowners list their properties on Airbnb.

Things to Do

Atlanta is in the top 20 nationally when it comes to building new homes, per the latest analysis by real estate company Redfin.

What they found: Atlanta had 13.6 single-family building permits per 10,000 people in the first quarter of this year, the 13th-most per capita among U.S. metros.

Why it matters: As the number of homes for sale remains near all-time lows and monthly mortgage payments are near their record high, building more homes is one way to ease the affordability crisis.

Zoom out: Single-family and multifamily building permits are up from pre-pandemic levels in most U.S. metros., Redfin found.

Of note: Redfin defines "single-family" as buildings with one to four housing units and "multifamily" as buildings with five or more housing units.

Yes, but: "There still aren't enough homes to meet the pace of household creation, and we need to be more prepared when demand inevitably picks back up," said Redfin chief economist Daryl Fairweather.

The bottom line: Ramping up new home construction will help move the market toward balance, if only a little. 

Atlanta among top 20 US cities in homebuilding

Ramping up new home construction will help move the market toward balance, if only a little.

Real estate

Atlanta is in the top 20 nationally when it comes to building new homes, per the latest <a class="gtmContentClick" data-vars-link-text="analysis" data-vars-click-url="https://www.redfin.com/news/metros-building-new-construction-Q1-2022/" data-vars-content-id="95159c26-a948-488b-af46-8a4a3d363576" data-vars-headline="Atlanta among top 20 US cities in homebuilding" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.redfin.com/news/metros-building-new-construction-Q1-2022/" target="_blank">analysis</a> by real estate company Redfin.What they found: Atlanta had 13.6 single-family building permits per 10,000 people in the first quarter of this year, the 13th-most per capita among U.S. metros.

News

Plan your summer vacation with six scenic Airbnb rentals in metro Atlanta or along the Georgia coast. 

Chill at the lake in comfort at this studio that provides a kayak and paddleboards. You can add luxuries like on-site massages and a personal chef at extra cost.

Features: Hot tub, boat dock, private deck with charcoal and gas grill.

Exterior of lakefront studio at Lake Allatoona, Georgia

Living room area of Lakefront Studio  near Lake Allatoona, Georgia. 

Although it's not the biggest, this lake house right on Lake Rabun has all the space and amenities you need to enjoy your outdoors vacation. 

Features: Waterfront property, private hot tub, fire pit, outdoor shower. 

Space: 2 guests, 1 bedroom, 1.5 bathrooms

Exterior of lake house at Lake Rabun, Georgia

Interior of cozy modern lake house near Lake Rabun, Georgia. 

This cozy cabin provides a scenic view of the mountains with easy access to one of Georgia's most stunning lakes. 

Features: In-unit washer/dryer, screened in porch with fire table, lake access. 

Living area in cabin at Lake Burton, Georgia

Located near North Beach Park on Amelia Island, this Airbnb's wraparound deck provides an ocean view from your doorstep.

Features: Indoor fireplace, washer/dryer onsite. 

Space: 10 guests, 3 bedrooms, 2 bathrooms

Exterior of home near Fernandina Beach, Florida with wraparound deck. 

Living room area of beachside cabin in Fernandina Beach, FL

This dream beach house is a short walk from the beach and fishing pier, and features a wood-burning fireplace, enclosed backyard, furnished patio and balcony and a rooftop terrace. 

Features: Indoor fireplace, beachfront access, electric grill, free parking. 

Space: 8 guests, 2 bedrooms, 2.5 bathrooms

Exterior of beach house on Tybee Island, Georgia

Living room area of Airbnb on Tybee Island, Georgia.

This cottage has no shortage of relaxing features including two bedrooms with king beds, a sunroom with a convertible couch/bed, and a queen sleeper sofa in the living room.        

Exterior of beachside cottage at St. Simons Island, Georgia

Living room area of cottage on St. Simons Island Georgia

6 beach and lakefront Airbnbs near Atlanta for summer vacation

Plan your summer vacation with six scenic Airbnb rentals in metro Atlanta or along the Georgia coastline.

Living area at rental home on Tybee Island, Georgia

Plan your summer vacation with six scenic Airbnb rentals in metro Atlanta or along the Georgia coast.

Atlantans have to earn 39.3% more than a year ago to afford the region's median-value home, per the latest analysis by real estate company Redfin.

The big picture: The income needed to afford a home has increased as soaring demand and limited inventory continue to push sale prices up.

And increasing mortgage rates make borrowing more expensive, too. 

Why it matters: Because incomes are not keeping pace with home prices, it further constricts entry into the metro Atlanta housing market for most people.

By the numbers: In March 2021, you had to earn at least $48,919 to afford the median home for sale in the Atlanta metro area, Redfin found.

For a median sales price home of $368,000, a monthly mortgage, with 5% down, jumped from $1,223 to $1,703.

Of note: A monthly mortgage payment is considered affordable if the homebuyer spends no more than 30% of their income on housing.

Meanwhile, wages in Atlanta grew 3.3% over the same period, according to the Bureau of Labor and Statistics.

Median pre-tax income in Atlanta in 2021 was $50,000, per a recent Zillow study.

Zoom out: Across the U.S., buyers need 34% more income to afford a home, Redfin found.

Atlantans need to make more money to buy a home

Atlantans have to earn 39.3% more than a year ago to afford the region's median-value home.

Atlantans have to earn 39.3% more than a year ago to afford the region&#x27;s median-value home, per the latest <a class="gtmContentClick" data-vars-link-text="analysis" data-vars-click-url="https://www.redfin.com/news/homebuying-affordability-march-2022/?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=newsletter_axiosmarkets&amp;stream=business" data-vars-content-id="b698faa0-faf2-45ab-9f40-7a643f732cd4" data-vars-headline="Atlantans need to make more money to buy a home" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.redfin.com/news/homebuying-affordability-march-2022/?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=newsletter_axiosmarkets&amp;stream=business" target="_blank">analysis</a> by real estate company Redfin.The big picture: The income needed to afford a home has increased as soaring demand and limited inventory continue to push sale prices up.

Real Estate

Going out is fun, but who doesn't like a deal? Here are a few food and drink specials in Atlanta you can take advantage of during the week.

Happy hour is 3-6:30pm Monday-Friday. You can get $9 wine by the glass, $9 cocktails, appetizers all under $9. 

Photo: Max Milla, Courtesy of STK Atlanta

Get half off well liquor, select beer, house wine and sangria by the glass from 4-6pm every Monday-Thursday.

Address: 764 Miami Circle NE (Buckhead) and 4505 Ashford Dunwoody Rd. NE (Dunwoody)

Weekdays from 5-7pm you can get $5 red and white wine, sangria, and Estrella. They also offer discounted charcuterie boards, queso and cheese boards.

Address: 3150 Roswell Rd. NW (Buckhead) and 121 Sycamore St. (Decatur)

3 weekday food and drink specials in Atlanta

Going out is fun, but who doesn't like a deal?

Agua de Valencia at Eclipse di Luna in Atlanta

Going out is fun, but who doesn&#x27;t like a deal? Here are a few food and drink specials in Atlanta you can take advantage of during the week.

Maxwell Millington

Featured stories

Atlanta among top 20 US cities in homebuilding

Atlantans need to make more money to buy a home

3 private pools to rent near Atlanta starting at $50 an hour

3 weekday food and drink specials in Atlanta

6 beach and lakefront Airbnbs near Atlanta for summer vacation