Regional Snapshot: Homeownership 2021
This month's regional snapshot looks at homeownership share, price, and affordability trends in the Atlanta Region (and beyond)
This month's regional snapshot looks at homeownership share, price, and affordability trends in the Atlanta Region (and beyond)
Another recent CDC moratorium has provided a housing "stay" for millions of renters facing back rent hurdles. We take a closer look at the issues and highlight some data and policy resources to explore the landscape further.
In the last decade, multifamily housing has driven a significant share of the population growth in core areas of our region. Multifamily activity has slowed in recent years, and even in the heyday years of Atlanta multifamily construction, building in the sector was relatively constrained compared to single-family in Atlanta and to multifamily building in other metros.
Exploring past trends and the present landscape of owner and renter housing in the 10-county area.
This month's regional snapshot presents a detailed look at housing market conditions and affordability challenges, and reviews existing threats and aid initiatives.
About a third of Atlanta households are defined as cost-burdened (spending more than 30 percent of income on housing). BUT those cost burdens go up...a lot...for renters, for lower-earners, or (especially) for lower-income renters.
Updates to the status of evictions in five metro counties, plus details about the national context and local assistance efforts.
The pandemic has already led to job loss in the most vulnerable occupations (and has even spread to other job sectors). Following job loss through a household's budget leads to more bad economic and social outcomes for those families. Decreased affordability of housing is an example. This Data Diversion provides an initial look at data that frame potential housing impacts of COVID-associated job loss.
This month's regional snapshot provides an assessment of regional housing affordability in the Atlanta region. Starting with a review of historic trends in housing construction and costs, the snapshot then steps through the definition of regional "subareas" based on inventory, price, and affordability characteristics.
Highlights from this snapshot: Home prices continue to rise nationally. According to the National Association of Realtors, median sales price nationwide is now $257K, compared to around $190K in 2012. Fewer “starter homes” are being built, which is exacerbating the affordability crisis. In metro Atlanta, 44% of home buyers have incomes above $100K, meaning [...]