Current Market Data
“Homeownership remains largely unaffordable for the majority of homebuyers in the majority of markets across the country,” said Rick Sharga, executive vice president of market intelligence at ATTOM.
The price index continued to climb in Atlanta, though, increasing 0.64% from June to July. Year over year, the Atlanta home price index is up 22.4%
While 23% of residential Realtors claim they have feared for their safety while on the job, 98% reported that they have never been the victim of a crime while at work.
The National Association of REALTORS® expects existing-home sales to close 2022 15.2% lower compared to 2021, thanks to economic uncertainty and rising mortgage rates.
In Atlanta, 34.9% of Redfin offers faced competition in August.
Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Atlanta had one of the highest ratios of people moving in vs. those moving out during the first half of the year, a recent analysis found.
New listings of homes in the Atlanta area were down on a monthly and yearly basis.
The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before.
The NAR’s Community Aid and Real Estate (CARE) Report shows that REALTOR® associations donated a median of $12,070 this past year, a 20% increase over 2020.
New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.
A continuing combination of increased interest rates, supply-chain disruptions and high home prices has sapped homebuilder sentiment every month this year.
The housing market is starting to become more balanced.
Atlanta’s urban core saw more multifamily units delivered over the last 10 years than any city in the U.S., a StorageCafe study finds.
Mortgage applications declined 1.2% during the week ended Sept. 9, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Modern homes are still the most popular interior design style, according to a new study from Confused.com, a financial services comparison website based in the U.K.