By the Numbers

NAR: Existing-home sales decline as median price remains above $400,000 

High mortgage rates and limited inventory continued to weigh on sales activity, National Association of REALTORS®Chief Economist Lawrence Yun said. 

Atlanta takes 6th place among top 25 cities for coworking space 

During the second quarter, the city saw significant gains in the number of coworking spaces as well as total coworking square footage, CoworkingCafe found. 

Housing starts rebound in July after June slump 

Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Georgia MLS: Home sales, median sales price declined in July 

New listings for homes in the 12-county Atlanta metro area also declined during the month. 

NAR: Pending-home sales rise for the first time in four months 

The industry group issued its housing-market forecast along with its monthly Pending Home Sales Index for June. 

Atlanta REALTORS: Median sales price declines, as does inventory 

At the same time, the association reported that home sales slid 23.3% year over year to 5,338 transactions.       

Georgia among top states for home inventory

Georgia is one of the states with the highest proportion of new listings, according to a report from Los Feliz.

NAR: Existing-home sales slow as prices near all-time high 

The median existing-home price for all housing types in June rose to $410,200, 0.9% less than the all-time high of $413,800 reached in June 2022, the National Association of REALTORS® said. 

Only 1% of U.S. houses changed hands this year

Back in 2018, Freddie Mac stated that the country still needed about 2.5 million extra homes in order to meet demand. Then the pandemic homebuying boom depleted already-low inventory levels and high mortgage rates in the second half of 2022 chained many homeowners to their existing low rates.

NAHB: Builder confidence hits 13-month high 

Low inventory and high demand are buoying builder sentiment in the face of several headwinds. 

Housing starts post unexpected slide in June 

The drop in the pace of new-home construction follows a significant surge the month before, according to government statistics. 

CoreLogic: Home prices rise again in May, but pace falls to 11-year low 

Despite the declining rate of increase, home prices have risen for the last 136 months, CoreLogic said. 

Georgia MLS: Home sales slide while median sales price rises in June 

New and active listings, meanwhile, rose from their May levels. 

NAR: Pending-home sales dip in May as demand remains strong 

Transactions that do go through are typically seeing multiple offers, NAR Chief Economist Lawrence Yun said. 

Case-Shiller: Home-price index just 2.4% off 2022 peak; Atlanta sees 3.5% gain 

A third consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index lends new evidence to claims that previous declines could be behind the market. 

New-home sales surge in May 

Demand for newly built homes has remained strong as high interest rates keep many would-be sellers of existing homes off the market. 

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