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Real Estate Investing => Managing And Investing In Physical Real Estate => Topic started by: PandaAtlanta on October 12, 2020, 12:22:53 PM

Title: What is the Housing Market look like in your market?
Post by: PandaAtlanta on October 12, 2020, 12:22:53 PM
Just curious to know the housing market is in your area. In the Atlanta market we are facing a shortage in inventory in both leases and purchase.
Title: Re: What is the Housing Market look like in your market?
Post by: SteveGood on October 13, 2020, 12:26:43 AM
Hi,

I think after the impact of COVID 19, most of the countries facing problem in Housing market. The real estate and housing market price goes down after this impact.
Title: Re: What is the Housing Market look like in your market?
Post by: PandaAtlanta on October 13, 2020, 01:12:58 PM
Link: https://fred.stlouisfed.org/series/MSACSR

Steve, take a look at the FRED monthly housing supply nationally. The chart shows that we are making recent lows at 3.3 month inventory which is the lowest we have ever seen nationally. Again we never had interest rates this low before. The top four housing MSA markets with the greatest population growth are 1) Dallas 2)Houston 3) Phoenix 4) Atlanta in that order. The first three MSA housing markets have seen close to 10% Appreciation Y-o-Y whereas Atlanta has averaged a modest 4-5% appreciation. Looking at the shortages for both both purchase and leases, I do see better than average appreciation taking place in Atlanta as well. Hard predict the short term, but housing will do well long run with inflation and weaker dollar.

Quote from: SteveGood on October 13, 2020, 12:26:43 AM
Hi,

I think after the impact of COVID 19, most of the countries facing problem in Housing market. The real estate and housing market price goes down after this impact.