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 PCBR Market Brief
The Pickens County Board of REALTORS® (PCBR) Market Brief is compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Board at 770.866.1397.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Pickens County Board of REALTORS®
The Pickens County Board serves as a central source of information for our members and our main focus are real estate education, the promotion of professionalism in our industry and representing our REALTOR® members with legislative initiatives to create positive change for the real estate community. Throughout its history, the Pickens County Board has exerted its influence in civic affairs in its capacity of representing a substantial segment of the business community across the Pickens area. The Board has contributed to various charities over the years by hosting fundraisers.
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.