Prices Falling, Rates Increase in Some Parts of US

Throughout the US, a few real estate trends are under way. Some areas are seeing home prices dip down, while others are seeing significant increases in listing prices. Several factors, such as historically low mortgages, higher prices, and a reviving consumer mindset have all contributed to the existing state of the real estate market. The Atlanta movers have honed in on some specific trends such as,

Interest rates are up in many metros

When interest rates rise, so do prices

Median wages are insufficient to match the rise in prices

Economic growth & wage inflation will help balance the market

Atlanta, among several other markets like Cincinnati, Chicago, Cleveland, Las Vegas and Detroit, are the only cities to have had lower than past figures in terms of price-to-income ratios.