Current Market Data

Pending Home Sales Hit Highest Mark in 18 Months

Pending home sales shot up in January, suggesting positive numbers down the road. Pending home sales hit their highest level in 18 months in January, according to the latest analysis from the National Association of Realtors. The Pending Home

What Qualifying Income Does Your Clients Need to Buy in Atlanta?

In the end, buying a home all comes down to dollars and cents, and Atlanta’s qualifying incomes differ in interesting ways with the rest of the U.S. To qualify for a mortgage on a 5 percent down payment, Atlanta homebuyers

Atlanta Nation’s Top Market For Generation X Homebuyers

Those Gen-Xers love Atlanta! According to a new analysis by RealtyTrac, Atlanta has the second-highest concentration of Generation X residents in America, with 18.01 percent of the area population comprised of that generation. Aside from the obvious marketing benefits

Another Sign That First-Time Buyers are Missing in Action

First-time homebuyers are a scarce bunch, these days. Just when it seemed that the news on first-time homebuyers could not get any more distressing, here comes a new report from RealtyTrac to pour salt on the wounds. In short,

3 Important Trends in New Construction Housing

It’s a whole new world out there for new construction, as stunning stat after stunning stat drives home. new-construction-new-home-sales-single-family-median-price-square-footage The Census Bureau’s latest report on new single-family home sales is out, and its findings, at least on the surface,

Fulton County Saves More by Refinancing

SmartAsset evaluated refinancing around Georgia and the country to find that Atlanta homeowners are saving more. In Fulton County, Atlanta homeowners are saving more each year on mortgage refinancing than anywhere else in the state, an analysis from SmartAsset,

Huge Share of Millennials Return Home After Moving Out

The past few months, we’ve reported on the many thorny issues facing Millennials – that their wages in many industries have plummeted in recent years; that their savings rate is negative; that they have pushed roommate rates up to

Atlanta Posts Strong Price Growth in New Case-Shiller

Atlanta continued to follow the pack in the latest Case-Shiller Home Price Index. Home prices in the Atlanta metro area put up solid numbers in the latest Case-Shiller Home Price Indices, rising 0.2 percent from November to December and rising 5.1 percent from Dec.

3 Remarkable Charts on How Construction Has Shifted Towards Multifamily Developments

In a recent article on new construction, we reported that the multifamily share of total construction had risen from 17.2 percent of the market in Jan. 2002 to 35.1 percent of the market in Jan. 2014. Such a striking

NAR: Existing-Home Sales Hit Nine-Month Low

Agents are working hard to make 2015 a profitable year, but low inventories are keeping sales slow. January marked the start of a new year, but it was hardly the hit the ground running beginning the market was hoping

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

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