HOUSINGNEWS REPORT
SECTION TITLE
SPOTLIGHT: ATLANTA
ATLANTA REAL ESTATE TRANSITIONING FROM SEXY TO SUSTAINABLE
BY JOEL CONE, STAFF WRITER
Once the poster child of sexy rental returns for institutional investors buying distressed homes during the downturn, Atlanta’s housing market has transitioned into a slow-and-steady growth pattern — less appealing for real estate investors but more sustainable for the long term. Overall investor interest in Atlanta has waned in recent years. The number of non-owner-occupied purchases in the city of Atlanta were down to 13.2 percent for 2016, a significant decline from its peak of 33.1 percent in 2009, according to ATTOM Data Solutions.
INVESTOR SHARE OF HOME PURCHASES WANING IN ATLANTA
ATLANTA, GEORGIA
BIRMINGHAM, ALABAMA MEMPHIS, TENNESSEE
CLEVELAND, OHIO
60.0%
50.0%
40.0%
30.0%
20.0%
10.0%
Meanwhile the share of investor purchases is continuing to grow in
0.0%
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
15
JULY 2017 | ATTOM DATA SOLUTIONS
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