State Issues
2024 Legislative Session Likely To Include Housing Affordability Initiatives And Rental Regulations
December 19, 2023
Since the availability of affordable housing continues to burden most Georgia residents, the real estate industry, housing advocates, and local governments will once again take their concerns to the Georgia General Assembly.
Look for local governments to oppose any efforts by the state to prohibit or preempt Georgia’s cities and counties from establishing appropriate local oversight of residential design standards, short-term rentals, and build-to-rent subdivisions within their jurisdictions.
Similarly, it’s likely we’ll also see legislation filed that will require some type of rental property inspection designed to ensure tenant safety.
Property taxes will also be on the agenda during the 2024 legislative session. County governments may consider asking the state to adjust the formula for the rollback rate to allow counties to adjust for inflation.
Consensus may be reached on initiatives that give local governments more flexibility to incentivize the development of mixed-use housing options as well as market-rate workforce housing.
About the ARA Market Brief
The Atlanta REALTORS® (ARA Market Brief is compiled by First Multiple Listing Service (FMLS) and provides the only regionally focused synopsis of monthly sales and home prices for single-family residential properties. The Market Brief covers the following 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding, and Rockdale.
The data in this report was compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Association at 404.250.0051.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Atlanta REALTORS® Association
The Atlanta REALTORS® Association (ARA) has been an instrumental factor in the growth of real estate in the state of Georgia for more than a century. With over 14,000 members, Atlanta is the largest association in Georgia and is considered to be one of the strongest and most successful REALTOR® organizations in the nation. ARA serves as a central source of information for its members, mainly focusing on real estate education, the promotion of professionalism in the industry, and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About First Multiple Listing Service
First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact join@fmls.com.