Atlanta Housing Market Cools as Rates Dip, Affordability Improves
• Atlanta ranked 6th hottest housing market in 2024 by Zillow, focusing on affordability • Mortgage rates currently average 6.62% for 30-year fixed, one of lowest levels since October 2022 • Rates hit high of 7.79% before Halloween 2022, highest since over 8% in 2000 • Monthly payments dropping to lowest in a year, around $2,361 end of December • Atlanta metro new listings down 11.5% and pending sales down 10%, bucking national trend