Atlanta, GA
Are Atlanta homes becoming less affordable?
ATLANTA – For the previous a number of a long time, Atlanta has historically been seen as one of many extra reasonably priced metro areas through which to purchase a house. However which may be altering.
Throughout the first half of 2022, as mortgage charges surged, a number of main US cities flipped from being favorable to patrons to being extra favorable to renters, together with Atlanta.
Why did this occur?
For many years, the general value of dwelling and availability of low-cost land has precipitated actual property in metro Atlanta to be extra reasonably priced than in different main cities. Town has no pure boundaries.
However a current research claims to point out that it’s now smarter to lease in metro Atlanta than it’s to purchase – a minimum of for now.
What has occurred in our economic system to push the needle to renting?
1. Elevated Provide of Leases
You will have observed the massive variety of building cranes hovering on the Atlanta skyline over the previous 12 to 18 months. Typically, these are proof of recent multifamily housing. Particularly, we’re speaking about high-end flats designed to supply up-and-coming Gen Xers the life-style they need: numerous facilities and fewer dedication than shopping for a house.
2. Stubbornly Low Stock of Resale Houses
In line with economists, Child Boomers are presupposed to be retiring and transferring to the seaside by now. That will trigger a rise within the provide of move-up houses, making method for the following era to maneuver into possession. Nevertheless it hasn’t occurred but.
The surge in long run rates of interest has had the specified impact of slowing down the skyrocketing dwelling costs we noticed through the pandemic. However as a substitute of reducing vendor worth expectations, house owners have merely determined to remain the place they’re. And by refusing to promote, the top result’s that dwelling costs refuse to say no and stock stays low.
3. Sellers Are Residing Longer
At a time when most Child Boomers ought to be promoting their houses and cashing in on a long time of rising costs, house owners are deciding on droves to easily keep put. At present’s senior house owner is, from a generational standpoint, more healthy and wealthier than their dad and mom had been at this stage of their lives. This situation means they’ve choices – and a type of choices is to do nothing.
4. Present Householders Are Sitting on Plenty of Fairness
As FOX 5 actual property knowledgeable John Adams has mentioned earlier than, residential actual property costs are typically inelastic downwards. That signifies that most house owners don’t must promote if they’ll’t get the worth they need. Economists on the Federal Reserve reasoned that if rates of interest had been raised, dwelling costs would decline, and that has occurred to a small diploma, particularly in markets the place costs had been overheated to start with.
However with loads of undeveloped land in all instructions, Atlanta has historically been a relative discount amongst main metro areas. And with a flood of flats coming available on the market, renting is now seen as maybe the higher choice.
That view could also be short-sighted as the price of the whole lot appears to be unsustainable, however renting in Atlanta is extra reasonably priced than it has been over the previous couple of years, and until issues change, Adams anticipate rents to stay the choice of selection for a while to return.
The underside line is, Adams says we is not going to have a housing collapse in 2023. In case you are ready for decrease costs, recover from it.
In response to large demand, builders in metro Atlanta have added considerably to the availability of upscale rental housing. It’s not low-cost, however it’s extra reasonably priced than shopping for at as we speak’s costs. How the administration plans to take care of this example stays to be seen.
Do not anticipate dwelling costs to drop in metro Atlanta!
Visiting the Washington Commanders this weekend, the Atlanta Falcons are hoping the game will be the second in a long and successful career for quarterback Michael Penix Jr.
On the Commanders’ side of things, however, they’re hoping Sunday night will be the latest game in a highly successful rookie campaign for quarterback Jayden Daniels, who is the favorite to win the NFL’s Offensive Rookie of the Year Award for 2024.
Those two statements show where each quarterback is in his career, even as Washington and the Falcons stand incredibly close in the playoff standings entering Week 17.
Because of the differences, however, one key to the Commanders getting a win in what will likely be their final home game of the season is to force the opposing quarterback to throw the ball as much as possible.
That’s because one of the best ways to defeat your opponents is to force them into becoming something they don’t want to be. For the Falcons, they want to be a running team.
Running backs Bijan Robinson and Tyler Allgeier provide Atlanta with a potent one-two combination that can shorten a game, give their team control of the clock, and put pressure on opponents because shorter games mean fewer possessions to produce points.
In the month of December alone, the Falcons’ running backs have produced a 4.2 yards per carry average and ran the ball a league-high 132 times.
As long as they can run it against Washington, Atlanta is going to do it. So, getting them off of that trend is going to take two things. First, it’s going to take stopping that rushing attack in the first place.
Commanders defensive tackle Jonathan Allen tore a pec muscle in the team’s loss to the Baltimore Ravens in Week 6 and hasn’t seen the playing field since. He has seen the practice field for two weeks now and if his ‘questionable’ tag entering the weekend becomes an ‘active’ designation before Saturaday at 4 p.m. ET then he figures to provide a boost to a run defense that hasn’t been at the top of the NFL’s defensive statistics this season.
And if his return can help Washington force a few more 3rd-and-6s instead of 3rd-and-2s, then that’ll help the cause greatly.
Again, this is all in an effort to put the ball in Penix’s hands. The same hands that completed passes an average of just 5.6 yards past the line of scrimmage in his NFL debut against the New York Giants in Week 16, half a yard off the lowest depth of target average by a starting quarterback in the league (Tua Tagovailoa, Miami Dolphins).
Because if Penix isn’t comfortable enough to push the ball downfield but is forced into passing downs early, then the Commanders not only gain the upper hand but begin to carve a path that leads straight toward clinching a playoff berth this weekend.
Stick with CommanderGameday and the Locked On Commanders podcast for more FREE coverage of the Washington Commanders throughout the 2024 season.
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Atlanta, GA
One of Atlanta Most Wanted captured: 20-year-old in custody in connection to 2 deadly shooting
ATLANTA – A 20-year-old man who had been on Atlanta’s Most Wanted list was arrested on Friday. Corey Comer was charged in connection with two separate deadly shooting incidents over the past year.
On May 6, a 37-year-old man was shot and killed at Cleveland Avenue Park at 47 Cleveland Avenue SW. According to the Atlanta Police Department, officers were dispatched around 4:30 p.m. to the 6-acre park. The victim was transported to the hospital in critical condition. Despite life-saving efforts, he later succumbed to his injuries.
Cleveland Avenue Park shooting: 1 killed in southwest Atlanta shooting
Cleveland Avenue Park shooting: One person shot in southwest Atlanta (FOX 5)
17-year-old killed at apartment complex on Mt. Zion Road on Sunday identified
In the second incident, on Nov. 17, at approximately 1:22 p.m., officers were dispatched to 183 Mount Zion Road SE after receiving reports of a shooting. Upon arrival, they found a 17-year-old male who had sustained fatal gunshot wounds. The victim was pronounced dead at the scene by medical personnel.
Following investigations into both cases, Comer was identified as a suspect. He was subsequently charged with multiple offenses, including murder, aggravated assault, and possession of a firearm during the commission of a felony. The cases remain under active investigation.
Atlanta police are investigating a shooting at 183 Mt. Zion Road SE in Atlanta.
Comer, who has been on Atlanta’s Most Wanted list since November, was booked into the Fulton County Jail.
The Source: The information in this article was provided by the Atlanta Police Department with previous FOX 5 Atlanta reporting also used. The links to those previous reports can be found in this article.
(Atlanta Police Department)
ATLANTA – Investigators are asking the public for help identifying a suspect in a Christmas Eve shoplifting case at Atlanta’s Ponce City Market.
Officials say the theft happened at the Nike store at the popular shopping mall and food hall on Ponce de Leon Avenue.
According to police, the suspect was seen on camera walking into the store and grabbing multiple items of clothing.
Investigators are offering a reward of up to $2,000 for any information that leads to an arrest and indictment in the case.
If you have any tips, call Crime Stoppers Atlanta at (404) 577-8477 or by visiting www.StopCrimeAtl.org.
The Source: Information for this story came from a release by Crime Stoppers Atlanta.
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