Overall mortgage-application volume was at its lowest level since 2018, the Mortgage Bankers Association said.

Home prices nationwide continued to climb higher in February compared to 12 months ago, according to the S&P CoreLogic Case-Shiller Indices.

Low inventory and rising interest rates have reduced prospective homebuyer purchasing power. 

New data indicates the Atlanta real estate market remains hot, despite worries about rising interest rates. 

Rising interest rates and home prices have taken a toll on would-be homebuyers’ purchasing power, leading to increased inventory and another monthly slowdown in sales. 

Single-family home starts declined compared to February, while new apartment construction was up, according to government statistics.

Builder sentiment has taken a hit from an unexpectedly sharp increase in mortgage rates and continued disruptions in the supply chain, according to the National Association of Home Builders’ monthly survey. 

Investor activity showed early signs of slowing during Q4 of 2021, down from the historic highs seen in the second and third quarter, CoreLogic’s latest analysis reveals.

The 26.9% month-over-month gain follows a 12.6% increase in February.

Our expectations and desires have shifted, with renters searching for more space — often at a higher price tag. But, according to a new study from RentCafe, the costs in Atlanta are somewhat average.

The most recent Atlanta Housing Scorecard shows significant improvements in unemployment, days on the market and housing starts.

The decrease comes as interest rates continue to climb, according to the Mortgage Bankers Association. 

“Buyer demand is still intense, but it’s as simple as ‘one cannot buy what is not for sale.” — National Association of REALTORS® chief economist Lawrence Yun  

In dollar terms, investors purchased $2.86 billion worth of Atlanta residences during the quarter, placing the city fourth on Redfin’s rankings. 

The median sales price of a home in the Atlanta metro area rose 1.3% from January to $380,000, Atlanta REALTORS® Association reported. 

Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.