Friday Factday: New Construction Adds Few Affordable Units for Renters

The uptick in construction activity since the great recession has generated many new residential building projects in the Atlanta Metropolitan Statistical Area (MSA).  While some of the new housing in these projects has been designated affordable, it appears that these newer constructed buildings are demanding higher rents than their older counterparts.  The first chart below [...]

By | 2017-08-22T16:08:55+00:00 August 18th, 2017|Friday Factday, Housing|Comments Off on Friday Factday: New Construction Adds Few Affordable Units for Renters

Monday Mapday: Home Sale Price Changes by Zip Code

When viewed at the zip code level, average home sale listing prices between 2012 and 2017 have increased everywhere across the 20-county Atlanta Metro Region*.  The magnitude of increase, however, exhibits significant variation based on where within the region a home was sold, with the largest increases being shown in blue and the smallest [...]

By | 2017-08-11T18:54:54+00:00 August 14th, 2017|Economy, Housing, Monday Mapday|Comments Off on Monday Mapday: Home Sale Price Changes by Zip Code

Regional Snapshot: Affordable Housing

Overall, Atlanta is an affordable place... or is it?  Housing affordability is a concern, not just in the metro Atlanta region, but in communities throughout the nation. The July 2017 Regional Snapshot explores the region's housing affordability, identifying those factors that are challenges to maintaining affordability, and comparing the metro Atlanta region to our [...]

By | 2017-08-14T18:55:44+00:00 July 27th, 2017|Housing, Regional Snapshot|Comments Off on Regional Snapshot: Affordable Housing

Monday Mapday: Atlanta Rents on the Rise

In keeping with the housing affordability theme, today's Monday Mapday explores metro Atlanta's rental market. Though rents are on the rise throughout the metro area, rental increases are greatest in the suburbs (as shown in the map below). Areas shaded in dark blue in North Fulton County show the highest percentage change in average [...]

By | 2017-07-17T21:13:35+00:00 July 17th, 2017|Housing, Monday Mapday|Comments Off on Monday Mapday: Atlanta Rents on the Rise

The Quarter: Highlights from Q2 2017

Our most recent update of The Quarter analyzes economic data in metro Atlanta for Q2 2017. The Quarter includes data on employment, home price indices, building permits, retail and office space, and more, with the goal of identifying what areas of our economy are striving and what areas are slower to recover. Visit The [...]

By | 2017-07-17T20:05:25+00:00 July 17th, 2017|Economy, Housing, The Quarter|Comments Off on The Quarter: Highlights from Q2 2017

Friday Factday: Homeownership and Household Formation Among Millennials

Nationally, the country is experiencing a delay in household formation among the millennial generation, as well as declining homeownership rates.  This week's Friday Factday explores these trends in the 10-county metro area. In terms of homeownership, rates are way down in metro Atlanta - for all age categories, but especially among millennials (as shown [...]

By | 2017-07-18T14:26:25+00:00 July 14th, 2017|Friday Factday, Housing|Comments Off on Friday Factday: Homeownership and Household Formation Among Millennials

Monday Mapday: Transportation Costs Complicate Affordability

How do transportation costs factor into affordable housing? When considering both housing and transportation costs, the window of affordability becomes even more narrow. These maps show where a family of four (two working commuters and two kids) that makes the area median income (approximately $57,000) can live if they want to pay less than [...]

By | 2017-06-13T19:30:25+00:00 June 12th, 2017|Housing, Monday Mapday|Comments Off on Monday Mapday: Transportation Costs Complicate Affordability

Most and Least Affordable Areas for Housing Costs

A recent CityLab article highlights the nationwide challenge to afford housing. In very few areas (only 12 counties) can a worker making minimum wage and working 40 or fewer hours a week afford rent for a one-bedroom unit. "Affordability" is defined as paying less than than 30% of a household income for housing costs (for both [...]

By | 2017-06-09T19:43:38+00:00 June 9th, 2017|Friday Factday, Housing|Comments Off on Most and Least Affordable Areas for Housing Costs

Monday Mapday: Negative Equity

Using Zillow data for Q3 of 2016, this map shows the percentage of homes that have negative equity (owe more on the house than what it is worth) for zip codes in metro Atlanta. The darker blue areas have higher percentages of homes with negative equity. The spatial patterns here roughly reflect the same [...]

By | 2017-05-22T19:19:27+00:00 May 22nd, 2017|Housing, Monday Mapday|Comments Off on Monday Mapday: Negative Equity

Metro Atlanta Affordable Housing Tool

Contributing to the affordability problem in Metro Atlanta is the fact that a significant number of subsidized rental homes are coming to the end of their initial subsidy period. To aid in prioritizing affordable housing preservation, Neighborhood Nexus and Enterprise Community Partners have developed the Metro Atlanta Affordable Housing Tool, which highlights subsidized properties [...]

By | 2017-04-11T13:02:58+00:00 April 10th, 2017|Housing, Monday Mapday|Comments Off on Metro Atlanta Affordable Housing Tool
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