There was a time when buying a home seemed out of reach to many. But things have certainly changed and now buying a home is more attainable than ever before. Interest rates have dropped to all time lows making it possible to get much more for your money than years past. So, what stops the average non-homeowner from taking the big step into home ownership? There are various reasons people don’t own a home. One major myth is that they cannot afford to own a home. Low credit scores is another major factor which keeps many from even trying. Time to put the myths aside and address the truths to start working towards home ownership!
Here are some facts that may get you going:
In Georgia, 2-bedroom rents ran a median price of $1,050. Georgia rents increased by 1.0% from April to May, and are up 4.6% over last year. This rate beats out the national rent growth over the past year by 1.9%. Atlanta, was its most expensive city in May. A 2-bedroom in Atlanta goes for $1,650, while a 1-bedroom has a median price of $1,340. Rents are up 5.1% year-over-year, and are growing at a higher rate than national averages. Alpharetta placed 3rd for most expensive Georgia cities, with an average 2-bedroom price of $1,390. 1-bedrooms in Alpharetta cost $1,180.
Contact me, we’ll work together to get you in your new home!
