The real-estate bubble in New York City has already started to pop, as new reports show the market’s still relatively young.
The real median price in the city has jumped nearly 20% in the past year, to $5.25 million, according to the Zillow Home Value Index.
This is the first time in the index’s 30-year history that Atlanta has risen above $4 million.
In fact, Atlanta’s median price has jumped more than a quarter over the past five years, and is now $6.8 million.
Atlanta has also been a hotbed of speculation for the past few years, fueled in part by the fact that there are more than 1,500 condo units available in the area, making it a particularly attractive investment.
But despite these high prices, real estate developers in the metro area aren’t ready to jump in and take over the market.
According to ZillOW, there’s only been one single sale of a condo unit in the last three years, a $3.7 million sale of the unit at a new penthouse in the new Mercedes-Benz Stadium.
And Zillows real-sale ratings don’t even include the many other listings on the market, making Atlanta a pretty safe investment.
According a recent analysis by Zillowitz, the average return for a condo in the Atlanta metro area was 9.2% in 2018, while the median return was 10.4%.
Zill’s analysis suggests that the market is already in a bubble, and that if the market continues to boom, the median price will likely jump to over $7 million by 2022.
Still, there are some bright spots.
The Zillower Index of Real Estate Markets in the US recently added a new top ten, which ranked Atlanta as the seventh best place to live in the country.
In the top ten is New York, where the median home price is up to $2.7M, and Chicago, where it’s up to about $2M.
But Zill is also seeing some positive trends in the Midwest, as well.
Real-estate market activity is rising in New England, with the median median price of $3M up to the top 10 in New Hampshire.
Meanwhile, Chicago, which has the third highest median price, is up in Ohio, where median home prices are up 9.3% year-over-year.
It seems that New York is finally starting to catch up to Atlanta, as the ZILLOW Real Estate Market Scorecard recently revealed that the metro’s median home value is $2,567,908.
And this isn’t all that surprising, as Atlanta is one of the hottest places to live.
But, the Zellow index doesn’t include all of the local markets that are hot right now.
So, how did Atlanta land in the top five?
It’s all about the quality of real estate and affordability.
In terms of affordability, Atlanta is the only metro area in the nation that comes out on top of the Zilow index in terms of the median cost of a home.
That means that the median value of a median home in Atlanta falls within the range of the top 20 metro areas in the United States, according the Zllow index.
It also means that Atlanta’s housing market is relatively affordable compared to other cities in the U.S., with a median cost per square foot of $1,067,634.
For comparison, the national median cost is $1.1 million.
The average home price in Atlanta also sits at $1 million, which is just slightly below the national average of $2 million.
So there you have it: The median home cost in Atlanta sits just below the nation’s median cost.
However, it’s worth noting that the Ziller Index only looks at the price of the home, not the cost of the mortgage.
For example, a typical homeowner would need to pay $2 to $4,000 in mortgage interest each month for their home to be in the Top 20 in terms the Zills Real Estate Scorecard.
The median mortgage payment for a typical household in Atlanta would also be higher than the national mortgage rate of 5.33%.
But that still leaves a lot of room for homeownership.
According the Zeller index, Atlanta homeowners have a median monthly income of $45,000.
That’s more than twice the national household median of $22,600.
Atlanta also has one of its highest unemployment rates, at 8.6%, which makes Atlanta a desirable place for people looking to relocate.
The affordability factor is even more important when it comes to home ownership.
According Zillowers analysis, Atlanta has the seventh highest homeownership rate in the entire country, at 73%.
Atlanta also ranks as one of only three metro areas with lower rates of homeownership than New York and Chicago.
Zill and Zell have partnered up to provide homeownership calculators to help people find the right property for their