L McFadden Realty > Articles by: The Broker

Author: The Broker

Georgia Featured in Top 2023 Real Estate Markets Prediction

According to Realtor.com, the greater Richmond County area — which includes Augusta — is in the top six U.S. housing markets for growth in 2023. It is Georgia’s only entry within the realty news company’s top 10 list. The U.S. housing market has fluctuated significantly through the past three years, largely due to the pandemic and other unexpected economic stressors. Augusta’s Richmond County, however, ranked highly in Realtor.com’s report for its yearly percentage growth, in both total sales and anticipated prices, for 2023 all the same.
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in Current Housing Market, Residential Posted by The Broker

Investors Chasing Atlanta-Area Retail, Keeping Cap Rates Down

After years as the runt of the commercial real estate litter, retail properties, especially in Sun Belt markets like Atlanta, have drawn an outsize share of investor interest in recent months.

While the flow of shopping center sales has slowed, interest rate hikes and rising costs of debt haven’t deterred investors from buying retail in Metro Atlanta, especially centers with high-profile retailers with good credit.

“There’s a lot more demand for the shopping centers with credit national tenants,” Bull Realty President Will Young said. “That’s where I’ve been surprised. People are willing to pay more for the tenants.”
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in Commercial, Investment Posted by The Broker
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