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Are Atlanta homes becoming less affordable?

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Are Atlanta homes becoming less affordable?


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.

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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.

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What has occurred in our economic system to push the needle to renting?

1.  Elevated Provide of Leases

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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.

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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

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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.

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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.

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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!

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Atlanta, GA

Indiana Fever stun Atlanta Dream

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Indiana Fever stun Atlanta Dream


The Atlanta Dream were defeated 91-84 by the Indiana Fever for their second consecutive loss on Thursday night. The game was held at the Gainbridge Fieldhouse in Indianapolis in front of a large crowd. For the Dream, it was another slow start for the team as they were again outscored in the first half 44-59.

“We got to start the game better. At the end of the day we can’t dig ourselves a hole like that, because it takes to much energy to try and come back. Especially with a team that shoot the 3 the way they shoot. They got up early, and we got to do a better job of starting those games,” said head coach Tanisha Wright.

“Defensively, we didn’t do a great job in the first half taking away their options when they got hot. [Kelsey] Mitchell got hot and obviously [Aliyah] Boston got hot, and we need to do a better job of that. But I think the second half we got a little bit back to ourselves, which is playing Atlanta basketball like we have the last two years.”

The Fever started strong, quickly establishing a lead in the first quarter. Led by the dynamic duo of Aliyah Boston and Kelsey Mitchell, Indiana’s offense was firing on all cylinders. Boston, known for her aggressive approach in the paint and mid-range accuracy, scored a game-high 27 points along with 13 rebounds. Mitchell, the team’s floor general, orchestrated the offense with precision, contributing 24 points.

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Despite the early deficit, the Dream responded with resilience. Rhyne Howard, continued her strong shooting as she tied her career high with six 3-pointers. She finished the game with 26 points. Cheyenne Parker-Tyus, added 18 points and six rebounds to help keep the Dream within striking distance with her clutch shooting. It was Parker-Tyus 100th career game in a Dream uniform. She was a big part in why the Dream outscored the Fever 30-17.

The second half saw both teams exchanging baskets in a back-and-forth battle. Atlanta managed to narrow the gap to just 11 points in the third quarter, thanks to 14-6 run making the score 62-73. However, Indiana defense tightened up in the final minutes, forcing crucial turnovers and securing key rebounds.

The Dream will look to regroup and address their defensive lapses as they prepare for their next matchup against the Sparks on Sunday afternoon.



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Buckhead steakhouse 2022 shooting: APD defends response at family, friends protests

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Buckhead steakhouse 2022 shooting: APD defends response at family, friends protests


The family and friends of Nygil Cullins gathered outside the Buckhead restaurant where he was killed by Atlanta police in 2022. The demonstration comes days after the Atlanta Police Department released the 911 calls and surveillance video from the incident. 

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Protesters, including Cullins’ family, friends, and supporters, gathered outside the Fogo de Chão restaurant on Friday, briefly blocking traffic on Piedmont Road. Chanting “Justice for Nygil Cullins,” they demanded accountability for his death. 

The body cam footage shows Cullins raising his hands when first confronted by the police. According to his family, police unnecessarily escalated the situation by using a Taser on Cullins after he went to the ground. The footage was released two years after the incident. 

During a virtual press conference earlier in the day, Fox 5 asked APD Chief Darin Schierbaum if the officers acted according to their training and protocols. Schierbaum responded, “This is a very chaotic situation with an erratic individual with a handgun in a restaurant. We have reviewed it beginning to end and we see that everything was, in fact, appropriate from our vantage point.” 

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APD presented a slowed-down version of the video, which appears to show Cullins reaching for his gun before being tased. The video also shows that after Cullins shot a security guard who had tackled him, officers shot Cullins again when he appeared to reach for his gun a second time. 

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However, Cullins’ mother, Mya Cullins, believes the police escalated the situation and created the danger. She stated, “It’s discouraging, it’s sickening, and something needs to happen,” noting that her son was experiencing a mental health crisis at the time. 

Cullins’ attorney James Howard agreed, saying, “the problem is [police] can create the danger…they can either deescalate the situation…or they can escalate the situation, make the person cornered, make the person scared.”

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The family alleges that the body cam footage was released only because they are suing the city in federal court. Chief Schierbaum denied this, saying, “This was not related to the lawsuit being filed.” 

When asked then why APD waited two years to release the video, Schierbaum said, “Very recently, we entered into an agreement with the two coal investigative entities, which is the Georgia Bureau of Investigation, as well as the district attorney’s office for a 60 day review. Moving forward, that agreement obviously was not in play in 2022.”

Despite the justification given by APD, the family remains unconvinced and plans to continue their protests, seeking further accountability for the shooting. 

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“We’re not going anywhere,” Mya Cullins said.

Fogo de Chão deadly shooting video released 

In the video, Cullins can be seen at the bar of Fogo De Chao in Buckhead on May 18, 2022, where he used to work. At one point, Cullins grabs a bottle of liquor from the bar. 

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“We have a guy in here with a gun, and he’s acting very, very weird,” a 911 caller said. 

“He did not point the gun, but he’s yelling at everybody,” the caller added in a second call. 

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Twenty-six minutes after the initial 911 call, officers responded. APD edited the video with a red circle emphasizing Cullins with the gun. The video shows officers using Tasers on Cullins. He runs, and grabs what police say is that gun. When a security guard tackles him, police say Cullins shot and wounded the guard. 

READ MORE ABOUT THE RELEASE OF THE VIDEO, 911 CALL

“You see him tackled, you see the gun discharge, you don’t see who discharged it,” Georgia NAACP President Gerald Griggs said. 

Police then opened fire. Ten gunshots can be heard and then a pause before five more are fired. 

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PREVIOUS STORY: Parents of man shot, killed by Atlanta police at Buckhead restaurant demand justice

“All they had to do was go over and talk to him. They just came in there and forcibly tried to get him,” Quinten said. 

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“It’s disgusting that they would sit and paint a picture that’s still not true. A lot of the things in their initial narrative does not equate to what we saw,” Nygil’s mother, Mya Cullins, added. 

Nygil Cullins wrongful death lawsuit 

Last month, Cullins’ family filed a wrongful death lawsuit against the city, restaurant, and others for Nygil’s death. 

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Nygil’s mother said he was suffering from mental health issues, and she had a facility for him to get help, but the transport they arraigned that night showed up too late. 

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“How did we get to the point where Nygil is being tackled by security, how did we get to the point where he’s being tazed when he didn’t do anything wrong and now, he’s scared, and he believes he’s running for his life,” Cullins family Attorney Leif Howard explained. 

PREVIOUS STORY: Family of man killed by Atlanta police at Buckhead restaurant file lawsuit

The Fulton County District Attorney’s office will be the one to determine if charges will be filed. Atlanta police confirm the officers involved in this incident are still active employees with the Atlanta Police Department. 

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VP Harris stops by Atlanta 100 Black Men event to shore up Georgia base ahead of election • Georgia Recorder

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VP Harris stops by Atlanta 100 Black Men event to shore up Georgia base ahead of election • Georgia Recorder


Vice President Kamala Harris’ visit to Atlanta for the national conference of 100 Black Men of America allowed her to promote the Biden-Harris administration’s historic investments in economic development ahead of the looming Nov. 5 Election Day.

A majority Black audience of several thousand people packed into a downtown Atlanta Hyatt Regency ballroom to participate in a half-hour conversation with Harris while she’s on the latest leg of her so-called national Economic Opportunity Tour.

During the discussion moderated by TV host and comedian Steve Harvey, Harris stressed the importance of Black people accessing hundreds of billions of dollars of federal dollars allocated to infrastructure projects, small business loans, and other government programs that have been available over the past couple of years.

Harris said President Joe Biden’s administration has delivered historic progress in economic opportunities that are being underleveraged by Black entrepreneurs and others who have long faced systemic barriers to financial resources. 

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 Harris urged the crowd to spread the word about programs for small business loans, government contracts, a proposal for $25,000 down payment credit for first-time home buyers, and the student loan forgiveness program that so far has provided more than $160 billion in debt relief to 5 million Americans.  

Harris also discussed steps taken to support community banks that can provide financial advice and support tailored for a specific community more than a traditional bank.

She also mentioned the steps taken to achieve a goal of a 50% increase in federal government contracts for minority-owned firms since entering office in 2021.

“When we talk about the need for people to have access to economic opportunity we have to take into account what holds people back because we don’t lack for hard work, work ethic, good ideas and vision and inspiration,” Harris said. “But there are obstacles built into the system that have to be addressed to give people the opportunity. It’s not about a handout. It’s about giving hardworking people the opportunity and not just to get by.”

Biden and Harris are entering the final stretch of their 2024 re-election campaign ahead of the Nov. 5 election showdown against former President Donald Trump in a rematch of their 2020 contest. 

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Harvey expressed frustration about hearing from Black people calling his national morning radio show criticizing the  Biden-Harris administration and other Democratic officials for not doing enough to support Black people. 

“This administration needs to get the word out of what they are actually doing and what they actually accomplish so we just stop saying ‘what did you do for Black people,’” he said. 

Harris’ trip to Atlanta Friday was her fourth visit to Georgia this year. In April, the most recent stopover, she visited Atlanta to highlight the area’s award of a $158 million grant from the Department of Transportation’s Reconnecting Communities and Neighborhoods Program. 

On Tuesday, Harris will return to Atlanta to attend rapper Quavo’s inaugural Rocket Foundation Summit to discuss policies to prevent gun violence in communities. Quavo, whose real name is Quavious Marshall, gained national fame in 2013 as one-third of the Lawrenceville-based Migos rap group. The group disbanded following the November 2022 shooting death of Marshall’s nephew and Migos rapper Kirsnick “TakeOff” Ball.

Trump’s April visit to a west Atlanta Chick-fil-A became a viral moment nationally prior to Trump attending a fundraiser for his campaign later that evening. It was the first time Trump visited Georgia since he turned himself into custody at Atlanta’s Rice Street Jail in August after being indicted on charges of conspiring to illegally overturn the 2020 presidential election results in Georgia.

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