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This Week in Atlanta Real Estate: Mapping Midtown’s booming construction, costly urban sprawl, and more

by Barbra Murray

atlanta-home-sales-abr-february-inventory

Did you miss out on any of this week’s top real estate news? Notable news this week included the mapping of Midtown construction and how sprawl is costing Americans billions every year in travel costs.

Just in case you missed it, here is a recap of this week’s top stories:

Mapping new construction – The Midtown construction market is red hot, and Curbed Atlanta has a highly detailed map spotlighting all the various developments underway in the neighborhood. Check out the map here.

Urban sprawl is costing Americans – A new report finds that sprawl costs Americans $107 billion a year in travel costs – and Atlanta is at the top of the list.  Read the full report on CityObservatory.org.

High-end home surplus creates buying power – Is the luxury housing sphere becoming a buyer’s market? A new analysis from The Wall Street Journal finds that with luxury inventory rising, buyer bargaining power has strengthened. Get the details here.

Low mortgage rates have little effect on applications – Although mortgage rates were down last week, mortgage applications still declined, according to the Mortgage Bankers Association. Head on over to the MBA’s website to read the full survey.

How much are buyers willing to pay for walkability? – A new report finds that walkable urban spaces command dramatically higher prices for commercial and residential real estate. Realtor magazine has the full story here.

Purchase mortgage demand is expected to grow – A new survey from Fannie Mae finds that lending standards will remain high in 2016. Read the complete report from Fannie Mae here.

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