Current Market Data

Bad News For the Middle Class = Bad News For Housing

Whenever you see a report on America’s evaporating middle class, you should think about the implications for housing. Homeownership is a defining symbol of American middle class life; indeed, the quintessential image of a single-family detached house, complete with

Why is Builder Confidence So Out of Touch with Reality?

Builder confidence is far above the rate of new construction; what gives? Here’s an interesting nuance to the housing recovery: the Housing Market Index, which tracks builder confidence, dropped a couple points from January to February, finishing at 55;

Near-Majority of Atlanta Residents Now Live in Rental Housing

Just how dramatic has housing shifted towards rentals, in the last seven years? Forty-nine percent of Atlanta residents now live in rental housing, a tiny increase up from 47 percent in 2006; furthermore, the renter population in Atlanta is up 7 percent in

3 Reasons that Mortgage Rates Remain So Darn Low

Why are mortgage rates still so low? Allow us to count the ways. Average rates for the 30-year FRM may have ticked up last week, but they remain at their lowest point since May 2013. What’s behind the low stature

January is the Cruelest Month For Home Sales in Atlanta

Real estate in the Atlanta area started 2015 on a rough note, according to new ABR stats. January was not a kind month to the Atlanta-area housing market, if the new analysis from the Atlanta Board of Realtors is

Multifamily Construction Picks Up Where it Left Off in 2015, Drives Market

It was the same old story in January, with multifamily construction leading the way. Another year, another setting for multifamily dominance in residential construction. That was the central lesson from the Census Bureau’s latest report, which found multifamily permits, starts

Fed Study: Student Debt Clearly Pushing Down Millennial Homeownership

A new study from the Federal Reserve brings more evidence to the table on the damaging economic effects of high student debt burdens We’re written in the past about the effects of student loan debt on the housing market

Are Certain Kinds of Mortgages Easier to Attain Than Others?

The last couple weeks, we’ve been analyzing exclusive numbers from the CoreLogic Housing Credit Index, a detailed look at mortgage availability. Our central question has been a simple one: is it any easier, nowadays, to attain a mortgage? And after

Atlanta Cash Sales Near Pre-Crisis Levels

CoreLogic report shows widespread drops in cash sales. Cash sales continued to drop in November, according to a new report from CoreLogic, which found an increasingly significant portion of all-cash buyers leaving the market, particularly investors. Ebbing closer to

3 Promising Graphs on the Nation’s Mortgage Markets

It’s been a rollercoaster ride following the nation’s mortgage markets, so we decided to take a more long-term view at some of the key stats at play – and how, with only one exception, things have improved by quite

In Atlanta, Black Mortgage Applicants Denied Nearly Three Times the Rate of White Applicants

Minority groups have a harder time accessing mortgages in the U.S., including here in Atlanta. In the Atlanta metro area, 25.3 percent of African-Americans are denied in their applications for conventional mortgages, according to a new analysis from Zillow; that’s

Dogwood City Foreclosures Continue Beating Nation

Foreclosure activity in 2014 ended well, but pockets remain in dire straights. To cap off 2014, the national foreclosure inventory continued deflating, falling a staggering 34 percent year-over-year, according to CoreLogic’s newest foreclosure report. As of December, the nation’s

Atlanta Begins 2015 with Soaring Price Gains

Atlanta continued to set the world on fire with its rise in asking prices Asking prices in Atlanta began 2015 on a soaring note, according to the Trulia Price Monitor. Prices were up a whopping 16.2 percent year-over-year in January – good for

Do the Seasons Really Make a Difference in Atlanta Real Estate? Not Really

One may think that warmer months are better for selling homes, but the data tells another story. What if we were to tell you that it really makes no difference when you list your client’s home, in terms of

3 Highly Positive Details in the Government’s New Jobs Report

There were some very positive things to report in the government’s latest job numbers. The U.S. economy started out 2015 with a bang, adding 257,000 jobs in January, according to the latest report from the Labor Department. Of course, there

Multifamily Construction Comprises Huge Share of Atlanta New Construction

We’ve covered multifamily ascendence before, but this is the most telling statistic of all. Earlier this week, we reported on two facets of new construction: first, that overall construction spending in Atlanta grew by hefty amounts in 2014; and second,

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