Rising cost of metro real estate threatens affordable housing

Source: WSBTV — 

There are so few houses for sale here in metro Atlanta that home shoppers are going to extremes to court sellers, including paying way over asking price, even gifting beach vacations or thousands in cash with no strings attached.

“There’s a saying out right now, if you’d like to see a more expensive house I’ll show you the same house tomorrow,” said Cynthia Lippert with Ansley Real Estate. “The prices have been going up about 1% every month right now.”