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Surging Mortgage Rates Challenge Atlanta's Housing Market

6/21/2025

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Summary

Story summary

June marks National Homeownership Month, emphasizing ongoing challenges in metro Atlanta's housing market since 2021.
Mortgage rates surged from 2.5% to over 7%, leading to fewer quick home sales.
RE/MAX noted an 8.6% increase in Denver home sales, yet overall figures lag behind last year.
The U.S. median home-sale price hit $396,500, with many homes selling below asking due to excess inventory.

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Story summary

June marks National Homeownership Month, emphasizing ongoing challenges in metro Atlanta's housing market since 2021.
Mortgage rates surged from 2.5% to over 7%, leading to fewer quick home sales.
RE/MAX noted an 8.6% increase in Denver home sales, yet overall figures lag behind last year.
The U.S. median home-sale price hit $396,500, with many homes selling below asking due to excess inventory.