Atlanta ranks fourth in most financially stressed U.S. markets
The national economy plays an instrumental role in how consumers approach the housing market, and recent data indicates those who seek one of the houses for sale in Atlanta could take advantage of lower-than-average prices. CredAbility, an Atlanta-based credit counseling group, ranked Atlanta the fourth-most financially stressed city among U.S. markets, the Atlanta Journal-Constitution reports. However, according to the study, the city has shown minimal economic growth from the first quarter of 2011.
Low employment and poor home sales contributed to the city's ranking. The news source notes that Atlanta scored nearly 10 points below the national average in the employment category, and finished with a 51.7 score with housing - notably lower than the country's average of 68.
"Those are two big things, and in Atlanta they're inextricably tied to each other," CredAbility chief operating officer Mark Cole told the news source.
Some might say the metro has reached rock bottom, but data shows the city has begun its recovery. The news outlet states the city showed some economic recovery in the fourth quarter of 2012, and affordable housing prices could help the city continue its improvement.