We are either going to have a HUGE glut of apartments, or a bunch of new condominium inventory on ou

From a Buyer and Seller perspective, the market is improving. Midtown Atlanta condominiums are getting multiple offers and bidding wars! If you re a Seller and you want to Sell, and can price it right it WILL sell!!
But, rewind back to 2007-2008 when there were several new construction projects selling in Midtown Atlanta. As I looked at the skyline grow, it was exciting! But in the back of my mind, I just had to think
Well, it s taken us from then, until now to eat up most of that inventory, and give already existing owners a chance to sell their homes! Ah yes, we still have challenges between what they paid and what they can sell for, but at least we know we are headed in the right direction.
Are you seeing a pattern here? Once again, I m asking rail travel the question, Where are all the people coming from to fill all these apartments? Or, the $100 question,  how long will they BE apartments before they are converted to condominiums?
We are either going to have a HUGE glut of apartments, or a bunch of new condominium inventory rail travel on our hands in the next 2-3 years. What does that mean for the real estate market? Well for those of you that either own investment property, or are owners that have obtained a leasing permit, you are going to feel some pressure on what you are going to be able to charge for rent.  If your place is not the new and shiny penny, the renter s maybe looking elsewhere. Or it will push down your rental rates if everyone if flocking to the new and shiny penny.