Georgia's core counties have experienced a 59% increase in median home prices since the COVID-19 pandemic, with current prices averaging $405,000 compared to $255,000 five years ago. This trend aligns with the national median of $407,500. Despite a strong market and a 10-month high in home sales, growth has not returned to pre-pandemic levels. Economists warn that the current growth may be unsustainable due to rising mortgage rates. Initiatives like Black Men Buy Houses aim to support Black men in overcoming barriers to homeownership.
Continue to full article
