Current real estate market conditions have not discouraged buyers from their plans of homeownership, according to a new survey from RE/MAX.

The 30-year fixed-rate inched to 6.42%, which is still close to the lowest rate in a month, the group said. 

Homes are lingering on the market longer, up 15% from last year during the four weeks ended Dec. 4, marking the largest uptick in home supply since 2015.

A report from Realtor.com shows that many areas that experienced substantial growth during the pandemic are now posting some of the country’s steepest price reductions.

A report from Redfin shows that 29% of single-family homes for sale in the U.S. were new constructions in the third quarter of 2022.

By unit, home sales fell 14.3% month over month and 40.2% year over year to 4,187 properties in November, while the median sales price of homes sold was $370,000, down 2.6% from October but up 4.2% from November 2021, Georgia MLS reported.

According to our 2023 Predictions Survey, 59% of Atlanta real estate professionals expect their 2023 numbers to top their 2022 numbers, despite rising interest rates.

Homebuyer demand is rising as mortgage rates continue to decline, according to a new Redfin report.

Data from the PEW Trust shows that investment companies make up approximately a quarter of the entire single-family home market across the U.S.

The projected year-over-year change in home sale transactions in the Atlanta-Sandy Springs-Roswell region is -0.3%.

October’s 4.6% monthly drop follows a 10.2% decline in September, the National Association of REALTORS® reported. 

Housing prices were down in all 20 cities tracked by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.

The county stood head and shoulders above its neighbors in terms of Atlanta-area housing starts, closings and lot deliveries, with Cherokee County coming in a distant second in all three metrics.    

New-home sales rose 7.5% month over month, while the median price of a new house surged to $493,000 from $455,700 in September and $427,300 a year ago, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.   

That wasn’t the only good news as the end of the month neared.

If inflation continues to cool, the historic slowdown could ease.