As dramatic rent prices impact states across the nation, renters are searching for more affordable places to call home. Nationally, the median rent price is up over 16% since January, with some cities seeing double that, according to a recent Apartment List report.
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Atlanta’s annual rent growth lags the statewide average of 14.8% but is ahead of the national average of 8.4%.
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Since 2016, millenials have comprised the largest share of home-purchase mortgage applications, rising even higher in 2020, when they made up more than half of overall applications, according to a recent CoreLogic report.
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