Current Market Data
October was another month of declining foreclosures, both nationwide and in most major metropolitan areas, a CoreLogic report confirmed this week. Dropping by just over 21 percent year-over-year, the nation’s foreclosure inventory reached a 1.2 percent share this past October,
The economy continues to recover, but Americans’ finances are still stuck in the mud A surprisingly large share of Americans are in a precarious financial state, according to a new, detailed study from The Pew Charitable Trust. For its study,
Americans want their Cuban property. Since the 1960s, when Castro first seized power, that wanting has been a symptom most convinced themselves to ignore, despite filing claims against the country. However, when representatives of Cuba and the United States meet
Despite adding jobs, November offered more of the same for America’s economy The U.S. economy added 211,000 jobs in November and the unemployment rate held steady at 5.0 percent, according to the latest report from the Bureau of Labor Statistics. November’s
The housing market continues to struggle despite an increase in high-quality mortgages Even though houses are selling at their fastest rate since 2007, sub-700 credit score buyers are still at the same level they were mid-2010. According to a
In September, distressed sales accounted for 9.7 percent of total home sales nationwide; the culmination of declines that span the past few years, according to CoreLogic. Considering the current pace of distressed sale declines, CoreLogic researchers determined that the
Next year is bound to be a good one for Atlanta real estate The Metro Atlanta real estate market will be one of the best in the country in 2016, according to a new analysis by realtor.com. In the
Atlanta joins 32 other markets with new peak prices in 2015 The Atlanta metro area saw a new peak median price in 2015 at $187,000 in June, according to a new RealtyTrac report. Atlanta was one of 33 markets that reached a
The fall slump hasn’t hurt the market’s strength, as home prices across the country continued to climb in October, CoreLogic reported. The coupling of a healing economy and spotty but persistent inventory shortages are largely to thank (or blame,
Spending per dollar of equity is at its lowest level since the mid ’90s. Home equity has doubled to $12.1 trillion since the market bottomed out in 2011. Builder confidence has remained strong, despite a small, recent slip. New home
2015 has been a good year for new construction in Atlanta Residential construction spending in the Metro Atlanta housing market totaled $347 million in October, a 47 percent decline from Oct. 2014, according to new numbers from Dodge Data & Analytics. Year-over-year numbers, though, can
According to the National Association of Realtors, pending home sales were mostly unchanged in October, but shifted marginally higher after two straight months of declines. Gains in the Northeast and West were offset by declines in the Midwest and
Why do some consumers buy new homes, while others buy existing homes? NAR’s 2015 Profile of Home Buyers and Sellers provided the answer, and in our continuing coverage of NAR’s report, we’ve assembled the following graph on the topic:
A new study has reaffirmed Metro Atlanta’s high level of economic inequality Atlanta is the most unequal city in the country, according to new research from the U.S. Census Bureau. Utilizing the Gini coefficient – an economic index that measures
New home sales are hot, but what are the larger market trends? Sales of new single-family houses rose 10.7 percent from September to October and 4.9 percent from Oct. 2014 to a seasonally adjusted annual rate of 495,000, according
Why did U.S. consumers decide to buy homes in 2015? That question was one of many that NAR’s 2015 Profile of Home Buyers and Sellers tackled, and the results were many and varied – especially when the consumers’ disposition
