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
BIRMINGHAM, ALABAMA MEMPHIS, TENNESSEE
Meanwhile the share of investor purchases is continuing to grow in
JULY 2017 | ATTOM DATA SOLUTIONS
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