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Report: Atlanta homebuyers are habitually blowing their budgets

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Online brokerage Owners.com recently commissioned a survey of more than 1,200 people considering buying a home this year, including many in Atlanta.

How are house-hunting Atlantans feeling right now? The vast majority—70 percent—expect the process to be fraught with stress, researchers found.

About half of potential homebuyers in Atlanta expect bidding wars to drive up prices of the abodes they covet—and more than half fear becoming “house poor,” or saddled with a mortgage that strains their finances.

Nonetheless, 63 percent of Atlantans in the market for a new crib are willing to stretch beyond their budget in hopes of winning a bidding duel.

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Curbed Atlanta
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