Continued Development in 'Stalling' Markets of ITP Atlanta

[Andrew Turner]

We are seeing more planned developments and continued growth in pockets of Atlanta that have experienced a slow-down or stall regarding retail SFRs. Places like West End, Pittsburgh, Decatur and more were of high interest to flippers for a while, and that activity has slowed over the past several months. Whether that be in the form of TDOM or price reductions, tighter margins, etc. there is a sense of tedious now from my experience with the investors I work with. As development continues, do you think growth will continue and activity will pick back up, or do you think the heyday of these pockets has come and gone?

[Kevin Polite]

Sales are the same and prices YOY are still increasing. DOM, though increasing, are still below historical averages