According to AJC.com, Atlanta has been the number one moving destination for the past six years. It may be surprising that the suburbs in Atlanta are experiencing a lot of growth - not just the metropolitan area. Why are people moving to Atlanta? For starters, everyone wants a job in Atlanta. Being home to global companies like Coca-Cola, AT&T, and UPS, the job market is bringing in many millennials, who are the main consumers now in real estate.
It’s no surprise that this constant increase in population has caused a shortage in supply, making home prices go up. However, those who have invested in Atlanta real estate have benefitted from these new professionals moving to the city, who have the income and are looking for rental properties.
A word of caution: some real estate agents believe that the Atlanta housing bubble could burst, meaning the increase in home prices could soon drop quickly.
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