No…but good to know when looking at an unkown city…
Atlanta Attracts Wealthy Black Transplants, But Locals Languish
The Super Bowl host city is still a magnet for blacks, but the region ranks terribly in upward mobility.
Redfin: Atlanta Home Prices Up 4.8%, Outpacing National Growth
Atlanta area home prices were up 4.8 percent annually to a median of $229,900 in January, marking nearly seven years of growing prices. While notoriously hot West Coast markets are cooling—prices in San Francisco fell 5 percent and price growth in Seattle slowed to 0.6 percent year over year last month—some signs indicate that Atlanta is bucking the trend.
“Atlanta is probably the nation’s hottest large market,” Redfin CEO Glenn Kelman said yesterday during the company’s earnings call, “continuing a trend favoring affordable, diverse and builder friendly cities.”
Following nearly three years of price growth that was consistent with the national rate, Atlanta’s home prices have been growing at a faster rate than the U.S. overall since April 2018. So far this year, national home prices are up about 3 percent from last year.