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If you have a home lingering for sale on the market in metro Atlanta, 2019 is going to be more challenging, according to new industry figures.
Rates and home prices will rise, according to Realtor.com’s 2019 housing forecast. Mortgage rates are expected to hit 5.5% by the end of 2019, while, monthly mortgage payments will surge 8%.
Atlanta real estate forecast for 2019
It all translates into making home ownership further out of reach for metro Atlantans, especially for younger Gen-Z, millennial and other first-time homebuyers. Conversely, that won’t be the case for upscale buyers.
“Inventory will continue to increase next year, but unless there is a major shift in the economic trajectory, we don’t expect a buyer’s market on the horizon within the next five years,” said Danielle Hale, chief economist for realtor.com®. “Unfortunately for buyers, it’s only going to get more costly to buy, especially the most-demanded entry level real estate. To be successful, buyers should think through how they’ll adapt to higher rates and prices.”
In the metro Atlanta’s north Fulton suburbs, prices will rise 3% while the sales percentage will drop by about 2%. Don’t worry, it will still be a seller’s market, but homes will be expected to linger a bit more.
Atlanta-Sandy Springs-Roswell, Ga.
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Southside Atlanta real estate prices for 2019
A number of areas of the city experienced phenomenal growth in prices, attributed largely to the Beltline. Below is a sample of real estate price prices around Atlanta.
At the end of 2018, the median price for a 3-bedroom single-family home in the West End was $356,000.
The median rent for a 3-bedroom single-family home was just under $1,400, according to figures from Trulia.
In Cascade Heights in southwest Atlanta, the median price for a 3-bedroom home was $269,000, a 57% increase over the previous year. The median rent for the same number of bedrooms was $2,500 a month.
Northside Atlanta real estate prices for 2019
At the end of 2018, the median price for a 3-bedroom single-family home in Buckhead was $580,000, a 9% increase over the year prior. The median rent for the same number of bedrooms was $3,275 a month.
The median price for a 3-bedroom single-family home in Midtown was $675,000, a 8.5% increase over the year prior. The median rent for the same number of bedrooms was $2,662 a month.
Read more: The essential bars in Little 5 Points
Food & drink specials: How to eat for cheap in Atlanta EVERY DAY
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Atlanta filmmaker Tyler Perry announced that he will put on an all-star tribute concert honoring the Queen of Soul, Aretha Franklin. Perry will host the Aretha Franklin tribute in California.
The show will tape at the Shrine Auditorium in L.A. on Jan. 13, 2019, according to the Grammys, which will coordinate the event along with music mogul Clive Davis and CBS.
“For more than six decades, her extraordinary artistic achievements coupled with her passionate dedication to her philanthropic work — which ranged from children’s and artists’ issues to civil rights activism — served as a testament to her power, majesty, and genius,” Recording Academy President/CEO Neil Portnow said in a statement. “These gifts positioned her as a true cultural icon, and the Recording Academy is honored to celebrate her inspirational legacy.”
Aretha Franklin tribute concert performers
Franklin passed away this pass summer after a longtime illness. Her nationally televised funeral was held at the Charles H. Wright Museum of African American History on Aug. 28-29. A public concert followed on Aug 30.
Presale Tickets for the tribute concert have gone on sale.
Read more: 40+ free things to do in ATL
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The Netflix show “Raising Dion” is looking to hire people to portray audience members for a scene shot in Atlanta.
The new Netflix show, “Raising Dion” is described as a science fiction TV series and is based on a comic book by Dennis Liu. “Raising Dion” follows Nicole Reese, a woman who raises her son, named Dion, alone following the sudden death of her husband Mark. However, Dion is not like any other kid. While raising a son as a single mom is tough enough, raising Dion, proves to be tougher. Dion begins to show signs of superhuman abilities and now his mother Nicole must not only raise her son, but also protect him from those that are looking to exploit his superhero like abilities.
Casting call: ‘Raising Dion’ audience members
Show: Raising Dion
Date: TUESDAY 1/8/19
Location: Atlanta Area
Rate: $75/8We are currently booking for Audience members 18+ to work on Raising Dion Jan 8th – If you’re available for a full day please submit your photos and contact information (please notate if you’re Registered or not) to:
RAISINGDION@CENTRALCASTING.COM
Subject Line: Audience MemberAtlanta has become a movie mecca in recent years and Georgia has been a favorite location for TV productions since the state instituted generous tax breaks for film companies that agree to shoot locally. Projects from CBS, NBC, HBO, BET and more are slated to shoot in the metro area in 2018-19 and the foreseeable future.
With more than 700 movie and TV projects just in the last few years, the film industry has generated more than $9 billion for the state of Georgia.There are so many movies filmed in Atlanta these days that it’s hard to keep up with it all. That’s why I suggest you subscribe to AtlantaFi.com to get all the freshest movie casting calls, celeb sightings and Atlanta happenings delivered to your inbox. -
It’s a Will & Grace trivia night! We’re calling every Will, Grace, Jack, Karen, Beverly Leslie and Rosario (RIP) out there to come and show off your W&G knowledge. Because our trivia nights have become a big night at Guac y Margys, we will be selling tickets for all trivia nights moving forward to ensure everyone who comes gets a seat!
It’s happening on Wednesday, January 16 at 7 p.m. at Guac y Margys, 661 Auburn Avenue Northeast Suite 120 Atlanta, GA 30312.
A ticket reserves your seat and gets you 2 tacos and 1 Casamigos Margarita! We are selling a limited number of early bird tickets so grab one (or 6) while they’re still available.
The questions will be based on the original series AND the new series. And as with all of our trivia nights, the top 3 teams win prizes, including bar tabs and GyM swag.
As always, we’ll have some great themed drink specials for your team to enjoy so bring your inner Karen Walker. You say potato, I say vodka.
Signups begin at 6:30, trivia starts right at 7:00 and will be done by 9:00. Our trivia night tickets typically sell out a few days after we post the event so don’t delay.
Tag your friends, spread the word, start thinking of those team names. Will & Grace Trivia Night will be here before you know it!
Teams of 1-6 welcome, 21+ only. No need to bring print out your ticket. Just make sure whoever bought the ticket is there with his or her ID.
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I’ve started and stopped my show so many times but one thing has always been consistent: my desire to support and empower women of color to live out their truth and my desire to share their stories. Man, I love a good story.
The World Is Ours is a talk show where I talk to millennial entrepreneurs, leaders and creatives about the spiritual and cultural concepts, beliefs and habits that inspire their creativity and inform the work they do in their business and life. We’re talking about personal growth, current events, entrepreneurship and more.
All in all, we’re talking about REAL STUFF. There’s enough of the super fluffy stuff. I want to talk about the real challenges, the real hero’s journey, the real REAL.
And during this screening, you’ll get to see a preview. You’ll get to tell me what you think and you’ll get to hear a road map of what’s to come.
Screening starts promptly at 6:45p on Thursday, January 17, 2019
*hors d’oeuvres will be served.
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In honor of Ghana Independence Celebration Weekend, Atlantans are invited to this special party on Saturday, March 16, 2019.
Kente Wave is a special party showcasing Ghanaian culture. A showcase of the artistry of Ghanaian Designers, Bloggers and Fashion enthusiasts. Come dressed with a hint of Kente or African Print.
21+ Valid ID Required | Dress Code: Traditional Attire; Classy; Fashionable
DressCode : Fashionable
Contact 202-696-6573 For Partnership and Sponsorship Opportunities
Contact 202-321-5324 For Table Reservations.
Kente characterized by weft designs woven into every available block of plain weave is called adweneasa. The Akan people choose kente cloths as much for their names as their colors and patterns. Although the cloths are identified primarily by the patterns found in the lengthwise (warp) threads, there is often little correlation between appearance and name. Names are derived from several sources, including proverbs, historical events, important chiefs, queen mothers, and plants.The cloth symbolizes high in value.
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DeKalb County is usherin in the carnival spirit for 2019. On Sunday, January 6, 2019, come on out to Bliss Lounge for the Atlanta / DeKalb Carnival Launch Day Fete.
The event, hosted by ACBC Carnival Bands, will be held at 5471 Memorial Dr, Stone Mountain. The official media launch begins at 5 p.m.
The afterparty is from 7 – 10 PM with the sounds of DJ Best.
EVERYONE FREE W/ RSVP
www.Acbcmedia.Eventbrite.comFOR MORE INFO
www.AtlantaCarnivalBc.NetCELEBRATING 31 YEARS OF CARNIVAL IN ATLANTA
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The Ujamaafest exists to empower the African American community by providing programming centering around cooperative economics & financial literacy which is a principle of Kwanzaa .
Along with a rich cultural celebration which includes performances, STEM activities, the Kuumba Small Biz Marketplace & the Economic Heritage Small Business Pitch, The 8th annual Ujamaafest Cooperative Economics Expo has positioned itself as one of the largest celebrations of Kwanzaa & financial literacy in the southeast.
We invite your family to join us as we celebrate copperative economics & financial literacy.
We encourage you to learn more about our economic development opportunities, as well as, interactive financial literacy programming atwww.ujamaafest.com
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We all know Atlanta is a renter’s paradise: Plentiful inventory, fanciful amenities and affordable housing close to the job. But new figures show that renters across the nation, including Atlanta, paid more in monthly payments — $12.6 billion — in 2018 than the previous year.
Atlantans paid $9.3 billion in rent in 2018, an increase over the $8.8 billion they paid in 2017. The median rent for 2018 in Atlanta was $1,470, according to a new HotPads.com analysis.
Nationally, the monthly rent was $1,475, up 3% over a year ago. Across the nation, renters and apartment dwellers paid the ungodly sum of $504 billion to landlords.
Why are rents increasing?For Atlanta, the entry of the Beltline into the city’s interior has substantially increased not only rents but mortgages as well. Many intown areas are seeing double-digit appreciation following similar paths of the Beltline.
But it’s not just the Beltline, other developments have played a role, too. Atlanta may have lost out on Amazon’s second world headquarters, but studies showed that the effect to surrounding real estate would have made much of the downtown area unaffordable.
Here is what renters paid in 2018 across the U.S.
Metropolitan
AreaTotal Rent
Paid, 2018ivTotal Rent
Paid, 2017Renter Households, 2018
Renter Households, 2017
Median
Rent,
Q4 2018YoY Change
United States
$504.4 billion
$491.8 billion
43.2 million
43.3 million
$1,475
3.0%
New York, NY
$55.6 billion
$54.7 billion
3.5 million
3.5 million
$2,370
1.0%
Los Angeles, CA
$40.4 billion
$38.5 billion
2.3 million
2.2 million
$2,920
4.2%
Chicago, IL
$15.6 billion
$14.8 billion
1.3 million
1.2 million
$1,785
2.1%
Dallas, TX
$12.3 billion
$12.3 billion
1.0 million
1.0 million
$1,665
3.0%
Philadelphia, PA
$8.9 billion
$8.8 billion
752,000
771,000
$1,680
2.6%
Houston, TX
$10.4 billion
$10.3 billion
927,000
902,000
$1,585
2.6%
Washington, DC
$14.8 billion
$14.3 billion
807,000
792,000
$2,180
1.8%
Miami, FL
$12.7 billion
$12.3 billion
861,000
850,000
$2,025
2.7%
Atlanta, GA
$9.3 billion
$8.8 billion
781,000
775,000
$1,470
5.3%
Boston, MA
$11.3 billion
$10.9 billion
699,000
699,000
$2,410
3.2%
San Francisco, CA
$17.0 billion
$16.2 billion
779,000
766,000
$3,495
3.4%
Detroit, MI
$5.1 billion
$4.9 billion
530,000
525,000
$1,300
3.7%
Riverside, CA
$7.4 billion
$6.7 billion
516,000
496,000
$1,960
5.7%
Phoenix, AZ
$7.5 billion
$6.9 billion
625,000
607,000
$1,495
6.2%
Seattle, WA
$9.8 billion
$9.4 billion
588,000
593,000
$2,240
4.0%
Minneapolis, MN
$5.2 billion
$5.0 billion
422,000
417,000
$1,680
3.7%
San Diego, CA
$10.2 billion
$9.6 billion
530,000
524,000
$2,720
4.8%
St. Louis, MO
$3.1 billion
$3.0 billion
355,000
349,000
$1,200
2.1%
Tampa, FL
$5.2 billion
$4.9 billion
433,000
430,000
$1,475
5.6%
Baltimore, MD
$4.5 billion
$4.6 billion
354,000
348,000
$1,745
1.1%
Denver, CO
$6.4 billion
$6.1 billion
405,000
403,000
$2,115
3.9%
Pittsburgh, PA
$2.4 billion
$2.5 billion
297,000
297,000
$1,100
2.7%
Portland, OR
$4.9 billion
$4.7 billion
351,000
345,000
$1,945
3.0%
Charlotte, NC
$3.4 billion
$3.3 billion
330,000
330,000
$1,385
4.1%
Sacramento, CA
$4.8 billion
$4.4 billion
331,000
326,000
$1,970
5.9%
San Antonio, TX
$3.1 billion
$2.9 billion
298,000
291,000
$1,385
2.5%
Orlando, FL
$4.4 billion
$4.2 billion
339,000
338,000
$1,530
6.7%
Cincinnati, OH
$2.5 billion
$2.4 billion
285,000
287,000
$1,230
3.1%
Cleveland, OH
$2.5 billion
$2.5 billion
303,000
307,000
$1,205
2.6%
Kansas City, MO
$2.8 billion
$2.8 billion
296,000
300,000
$1,260
3.1%
Las Vegas, NV
$4.4 billion
$4.1 billion
360,000
358,000
$1,420
6.5%
Columbus, OH
$2.9 billion
$2.8 billion
297,000
293,000
$1,435
4.0%
Indianapolis, IN
$2.5 billion
$2.4 billion
270,000
266,000
$1,240
3.4%
San Jose, CA
$7.0 billion
$6.7 billion
275,000
273,000
$3,720
4.0%
Austin, TX
$4.2 billion
$4.4 billion
316,000
319,000
$1,750
2.6%
Virginia Beach, VA
$2.9 billion
$2.8 billion
247,000
242,000
$1,485
1.8%
Nashville, TN
$2.8 billion
$2.8 billion
263,000
267,000
$1,510
2.6%
Providence, RI
$2.5 billion
$2.3 billion
251,000
243,000
$1,770
4.8%
Milwaukee, WI
$2.4 billion
$2.3 billion
252,000
250,000
$1,385
2.1%
Jacksonville, FL
$2.2 billion
$2.1 billion
197,000
200,000
$1,395
5.3%
Memphis, TN
$1.6 billion
$1.6 billion
188,000
182,000
$1,045
2.7%
Oklahoma City, OK
$1.5 billion
$1.6 billion
194,000
194,000
$1,120
1.5%
Louisville, KY
$1.3 billion
$1.3 billion
166,000
163,000
$1,140
3.3%
Hartford, CT
$1.7 billion
$1.7 billion
160,000
158,000
$1,670
1.8%
Richmond, VA
$1.8 billion
$1.7 billion
167,000
161,000
$1,465
4.0%
New Orleans, LA
$1.9 billion
$1.8 billion
186,000
182,000
$1,450
1.7%
Buffalo, NY
$1.4 billion
$1.3 billion
162,000
165,000
$1,275
3.5%
Raleigh, NC
$1.9 billion
$1.9 billion
176,000
172,000
$1,475
3.1%
Birmingham, AL
$1.0 billion
$1.0 billion
137,000
141,000
$1,045
2.9%
Salt Lake City, UT
$1.6 billion
$1.4 billion
130,000
129,000
$1,600
4.4%
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If you’re abreast of metro Atlanta’s movie-making prowess, you know that Pinewood Studios in Fayetteville is where the magic happens. The area is also in the midst of a development build-out that will bring a 25-acre town center to the area.
Now a luxury movie theater development is being added to the mix. Adjacent to Pinewood Atlanta Studios, the project is slated to break ground later in 2019 and will open in 2020. Given the area’s rich movie-making, a movie theater to show off the latest films only makes sense.
Luxury movie theater planned for Pinewood Forest
Developers Pace Lynch Corporation, Spotlight Theatres, and Alerion Services are expecting the movie theater to attract more than 240,000 people a year.
“Pinewood Forest is thrilled to reveal plans for the boutique theater,” said Rob Parker, President of Pinewood Forest. “The state of the art facility will complement our vision for Pinewood Forest to become a premier entertainment, culinary and wellness destination in the Southeast. Pace Lynch and Spotlight are the perfect partners for this project, delivering upon our vision of a town for creating unlike any other.”
The movie theater will be a gathering place for lovers of cinema. Planners say it will host blockbuster films, especially those produced at the adjacent Pinewood Atlanta Studios, as well as other film and video content, live performances, broadcasted sports and entertainment events, corporate events and more.
Also, planned for the Pinewood Forest development is Pancake Social, an all-day breakfast spot.
Got an event or know of something opening in and around Atlanta? Holla: CJ@AtlantaFi.com. See what’s poppin’ in the ATL! Subscribe to our news alerts here, follow us on Twitter and like us on Facebook.
