Posts by John Yellig

New-home sales fall 6.6% in June
New-home sales fall 6.6% in June

The U.S. Census Bureau and the Department of Housing and Urban Development reported that the median sales price slid to $361,800 from $380,700 in...

JV picks up Doraville apartments for $53M
JV picks up Doraville apartments for $53M

The community is being renovated and rebranded as Haven North...

Existing-home sales reverse four-month decline in June
Existing-home sales reverse four-month decline in June

At the same time, the median existing-home price for all housing types in May was up 23.4% on an annual basis, as every region in the country registered price...

Mortgage applications fall as interest rates rise
Mortgage applications fall as interest rates rise

Meanwhile, the seasonally adjusted purchase index declined 6% from the previous week, the Mortgage Bankers Association...

Housing starts tick higher in June
Housing starts tick higher in June

Privately owned housing units authorized by building permits in June came in at a seasonally adjusted annual rate of 1,598,000, down 5.1 % from the revised May rate of 1,683,000, but 23.3% above the year-ago rate of...

NAHB: Builder confidence drops again on materials costs, supply-chain woes
NAHB: Builder confidence drops again on materials costs, supply-chain woes

July's reading of 80 was down one point from June, but still signaled strong demand for housing, the National Association of Home Builders...

Redfin: Housing market could be reaching something of an equilibrium
Redfin: Housing market could be reaching something of an equilibrium

During the four-week period ended July 11, the average weekly share of homes for sale with a price drop passed 4% for the first time since September...

Mortgage applications surge 16% as interest rates fall
Mortgage applications surge 16% as interest rates fall

Meanwhile, the Mortgage Bankers Association's seasonally adjusted purchase index rose 8% from the previous...

On heels of Smyrna acquisition, FCP picks up Westside apartments for $24.5M
On heels of Smyrna acquisition, FCP picks up Westside apartments for $24.5M

The acquisition comes on the heels of FCP's acquisition of the 380-unit Wyndcliff Apartments in Smyrna and sale of the 312-unit River Crossing at Roswell...

Pandemic reshuffles homebuyers’ amenity priorities
Pandemic reshuffles homebuyers’ amenity priorities

Adjectives reflecting the desire for privacy and physical isolation gained a place of prominence: "private," "covered," "quiet," "separate" and "enclosed" were among the top 100 most-used description...

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