Atlanta is third worst in vacant homes
Real Estate | (0)
From the AJC:
Metro Atlanta is among the nation’s leaders in vacant rental units and single-family homes, according to new Census Bureau data.
In fact, it’s the third emptiest metro area in America, behind only Las Vegas and Detroit, a Forbes.com ranking says.
Overbuilding, foreclosures and the sheer size of the Atlanta metropolitan statistical area —- 28 counties —- have all pushed Atlanta close to the top.
“Our housing stock in Atlanta right now appears to be very soft in the sense of demand,” said Frank Alexander, a real estate law expert who teaches at Emory University. “It continues to drive down rental rates ...
