On the supply side, Atlanta's home shortage is the worst in the nation. This, while great for anyone selling a house in a good school district, means it's even harder for cash-strapped millennials to afford a down payment.
The NAR study cited “ongoing hardships” faced by millennials that include underemployment, student debt and waiting to marry and have children.
Again, this national trend applies here. According to a Zillow study released in May 2016, not only do few Atlanta millennials own houses, but a high number live with their parents. 19.7 percent of working-age young people lived with mom and dad, the 15th-highest amount of the cities Zillow surveyed.
If you want to buy a house in a city that's so-so for first-time homebuyers, here's how the neighborhood prices have changed:
* Cobb: 16.94 percent less inventory, 1.91 percent higher prices
* Gwinnett: 21.84 percent less inventory, 6.59 percent higher prices
* Cherokee: 18.41 percent less inventory, 7.33 percent higher prices
* DeKalb: 11.41 percent less inventory, 8.81 percent higher prices
* Paulding: 25.49 percent less inventory, 15.71 percent higher prices
* Fulton: 4.55 percent less inventory, 8.16 percent higher prices
* Forsyth: 2.46 percent more inventory, 3.8 percent higher prices