HomePrices

Home prices up 23.5% from a year ago, with investors fueling the surge

Home prices up 23.5% from a year ago, with investors fueling the surge

By Michael E. Kanell, The Atlanta Journal-ConstitutionTroy Warren for CNT #BusinessHedge funds and corporations have been buying up houses in metro Atlanta, adding fuel to an already hot market in which buyers are frequently bidding against each other as they try to find their next home among the shrinking options.“There is a complete imbalance of supply and demand,” said Kristen Jones, owner of Re/Max Around Atlanta Realty. “I don’t think we will continue to see the double-digit appreciation that we have seen over the past two years, but prices will continue to rise.”The median price of a home sold in…
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