Rent or buy: the Atlanta dilemma for people in apartments when home prices rise
As metro Atlanta home prices rise, so does the talk about renters needing to shift into homeowner mode.
For many renters who think of buying a home someday, the increases may seem like a warning that by the time they are ready to buy, prices will be way out of reach. Home prices in the metro area on average have climbed 21 percent since the housing market started to turn around in 2012, according to the monthly analysis by Case-Shiller’s monthly analysis.
The specter of higher interest rates only worsens the anxiety, but it moves some people to action.
“All of my friends are buying homes,” said David Shapiro, 27, a broker with Re/Max around Atlanta.
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About the Author
Michael E. Kanell, the AJC's economics writer, has been reporting on jobs, housing and the economy at the AJC for nearly two decades. He has appeared on television and radio to analyze and report on business and economic developments.
