The apartment construction crane is becoming Atlanta’s official “bird.” The drive, perhaps frenzy, for new apartment developments has helped pull the real estate market out of its abyss and is sending ripples across the market in other areas such as retail shopping, office services and condominiums.
Moderated by Rick Badie
Today’s renters are paying higher rates to keep a roof over their heads. Renters in metro Atlanta paid an average $77 more in January than a year earlier. A real estate executive analyzes the local rent-supply market and whether increases will continue to climb or stabilize. Elsewhere, an economist explains his firm’s recent analysis of our region’s home loan data, which showed a lag of black and Hispanic home ownership when compared to whites. The third column deals with the region’s economic downturn.
Rent, housing demands spike higher
By Frank K. Norton Jr.