Rents have been obstinately stable for the past 10 years. Normally rising with inflation, the easy money available in the housing boom to buy and the overbuilt rental units made rents in metro Atlanta remain stubbornly stable.
All that looks about to change.
Several reports out in the past couple weeks show that rents are set to rise, and as much as 15% over the next 18 months. That will pretty much correct the stagnant rents of the past decade in a very short time.
If you are in a position to purchase, as opposed to renting, then now would be a good time. Especially, because Atlanta mortgage rates are set to rise in the near term. Let me know if I can help.
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