Atlanta top Southern city for people on the move, study says

Among large metros, Atlanta ranks fifth in the nation as a destination for Americans on the move and highest in the South, according to a report released Wednesday by a national real estate brokerage company.

But the metro area with the biggest increase in interest — as measured by Redfin database searches — is Nashville.

There were five southern cities in the top ten destinations – Atlanta, Dallas, Nashville, Tampa and Miami. All drew disproportionate interest from the high-cost cities of the northeast and West Coast, according to the study by Seattle-based Redfin.

The analysis is based on a sample of more than one million users searching for homes across 75 metro areas from July through September.

Nearly one-third of all users – 32 percent — looking for a home in Nashville came from outside the area, according to Redfin.

In Atlanta, by comparison, about 25 percent of users were from outside the region, most commonly New York.

The data implies that regions like Atlanta “are poised to build” more housing, the study said.

In the meantime, a steady influx of new residents likely means higher prices for homes and apartments.

The median sales price of a metro Atlanta home is up 5.9 percent — faster than average wage growth — during the past year, according to the most recent report by Re/Max Georgia.

Rents are also up, but less than 3 percent on average, according to Abodo. Atlanta is now the 16th most expensive place to rent, according to the company.

Reader Comments ...

Next Up in Business

This app could reduce the dangers of concussions in young athletes
This app could reduce the dangers of concussions in young athletes

Startup of the week: Who they are: PRIVIT What they do: Their app seeks to keep young athletes safer by helping coaches and trainers report and properly treat concussions and other injuries and medical conditions. Why it’s cool: There’s been plenty of buzz recently about the dangers of concussions in impact sports — including the...
The future is here: Augmented reality apps to use on iPhone or iPad

With the release of an updated mobile operating system in October, Apple’s new augmented reality platform is ready for take-off. The first generation of AR apps is available in Apple’s App Store, allowing millions of iPhone and iPad users to view three-dimensional computer-generated graphics on top of a user’s real-world view. With...
Why I’m skipping wireless charging on my iPhone 8 Plus

I’ve had the iPhone 8 Plus for about a month now, and while on launch day I thought I’d be most excited about wireless charging, I’ve found I’ve abandoned my wireless charger in favor of fast charging. I’ve come to like wireless charging when I’ve used Samsung’s phones, as it’s quite speedy, but Apple...
Rock out with sporty-designed headphones
Rock out with sporty-designed headphones

Listening to a Tom Petty music marathon is great, but making it better in my world was hearing the legendary music on the Soul X-TRA over-the-ear wireless (Bluetooth) headphones. The headphones smooth sound, comfort, and the sporty design were all much appreciated. The sound is promoted as “Advanced HD drivers and circuitry design for a balanced...
All data moving across Wi-Fi networks could be susceptible to hacking
All data moving across Wi-Fi networks could be susceptible to hacking

Home and corporate Wi-Fi networks — and all the data, photos and messages transmitted across them — could be vulnerable to hackers, according to a computer security researcher in Belgium. The vulnerability is in WPA2, the main protocol that protects Wi-Fi networks. Hackers can use a technique known as key reinstallation attacks, or Krack...
More Stories