According to Redfin, investors bought 24.6% of Atlanta homes purchased in the fourth quarter, down from more than one-third (36.2%) a year earlier. While that’s still an enormous ammount, Atlanta is still the third-largest market share of investor home purchases.
Investor home purchases in metro Atlanta plummeted 62.8% in the fourth quarter of 2022 when compared to the same three-month span in 2021, the Redfin analysis showed. Investors accounted for a 24.6% share of purchased homes here in the fourth quarter, down from a 36.2% share in the year-ago period in 2021.Redfin
Temporary Positive Relief
That’s positive news for Atlanta Buyers Agents, for the time being. They have less competition with fewer bidding wars. So, for now, enjoy the tremendous housing opportunity!
It’s possible that investors will start to wade back into the market this year given that mortgage rates have ticked down from their 2022 high—especially if home prices show signs of bottomingRedfin Senior Economist Sheharyar Bokhari.
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