Part 4/8:
As layoffs and economic uncertainty strike more affluent neighborhoods, signs of a housing recession are beginning to emerge. In Atlanta, the overall housing market is experiencing declines, especially in lower-income areas, while wealthier neighborhoods, like Brookhaven, are exhibiting relative stability. Data indicate that home values in Brookhaven have increased by about 2% year-over-year, largely due to lower inventory and a more stable buyer demand among wealthier residents. These regional differences highlight that the housing market is not uniform; while some areas continue to see appreciation, others suffer steep declines, particularly those heavily reliant on cash transactions.