Current Market Data
Looking ahead, the CoreLogic Home Price Insights report predicts home prices will dip by 0.1% in October on a month-over-month basis.
The median sales price, meanwhile, ticked lower.
A growing number of renovating homeowners now classify their primary bathroom as a “wet room,” according to the 2024 Houzz Bathroom Trends Study.
At the same time, days on market rose, and existing-home sales declined.
September pending home sales rose 7.4% to their highest level since March, according to the National Association of REALTORS®.
Sustainability and housing affordability are on the top 10 list.
The S&P CoreLogic Case-Shiller U.S. National Home Price Index hit a new record in August, marking the 15th month in a row of new highs.
The median price of a new home sold during the month was also up, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Sales slid 1% compared to August, the National Association of REALTORS® said.
Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.
October’s increase comes as inflation slows and mortgage rates decline.
Atlanta also ranked fifth in the U.S. for active inventory, which surged 40% year over year.
Nationally, the housing market has dipped into neutral territory for the last three months.
Active listings, meanwhile, were up 2.6% on a monthly basis and 55.8% on a yearly one, at 18,180 listings, Georgia MLS reported.
The amount a homebuyer needs to earn to afford a median priced starter home is down 0.4% from last year, marking the first annual decline since August 2020.
Realtor was the most desirable job in 49 of the 50 states, the study found.
