State Issues
Session Begins For Georgia’s General Assembly
January 25, 2024
January not only means the beginning of a new year but also the beginning of Georgia’s annual legislative session. The 2024 session began on January 8, and this year is the second year of the Georgia General Assembly’s latest cycle. Since Georgia’s legislative sessions are two-year cycles, bills introduced in the first year that fail to pass through either chamber will be up for consideration in the next legislative session. If a bill is not signed by the Governor by the end of the second year, it must be refiled during the next session.
The Governor also released his administration’s priorities, which included continued support for workforce housing. “Expanding workforce housing - affordable housing for working families making between 60% and 120% of area median income - will continue to be a priority,” Kemp said.
Building on the $37.5 million allocated to the Workforce Housing Fund last session, “This year, I’m proposing an additional $50 million in the amended 2024 budget and $6 million in base funding for the Fiscal Year 2025 budget that will go to this fund, ensuring these types of strategic investments continue.”
Details regarding this and other priorities are outlined in the Governor’s budget.
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.