With housing inventory at its lowest level in years, a significant portion of Atlanta's Black homeowners face multiple challenges. Not only do they face a lack of affordable housing inventory, but they also have to deal with underwater home values, interest rates that are adjusting upwards, balloon payments coming due and strict lending guidelines. If it is any solace, they are not alone.
In metropolises across the U.S., current and prospective African-American homeowners are having a harder time than other demographics according to this piece (written by Jamie Har for the Associated Press and published at USNews.com).
Atlanta Homeowners facing increasing payments, balloon payments, rates getting ready to adjust, underwater home values or who just need to sell their house now, may contact respected Atlanta Realtor Cheryl Dukes for a consultation and assistance getting their property sold. She can be reached at 404-606-9921.