Home Prices Have Surged in These Georgia Cities Since the Pandemic

The COVID-19 pandemic has triggered a surge in housing costs, with the national median list price rising nearly $121,000 since the pandemic began, largely due to supply and demand issues.

The combination of pandemic-induced work restrictions, supply chain challenges, and historic mortgage rates has led homeowners to hesitate in selling, further constraining the housing market.

The housing market is witnessing a historic surge in prices due to ongoing demand driven by remote work and an overall scarcity of homes, with Georgia experiencing a median list price up 35.4%.

To bridge the current housing shortage, estimates suggest the U.S. requires between 4 to 7 million new homes, demonstrating the extent of the crisis.

Read at 24/7 Wall St.