CommercialCafe named Atlanta as the best U.S. city for Gen Z, citing its parks per capita as a particularly strong draw for the active demographic. 

The median price first topped $400,000 in May, when it rose 3.6% from April to hit $409,400. It rose again in June to $411,375 before beginning its retreat last month. 

Mortgage applications, pending sales, new listings and overall inventory saw large declines in August.

Nationally, builder confidence posted a steep decline.

Homebuyers nationwide had more time to make decisions in August with the first year-over-year increase in median days on the market since June 2020.

In the second quarter, Gwinnett County was once again head and shoulders above its neighbors in terms of housing starts, closings and lot deliveries, according to a new report. 

Buyers who are still in the game are finally getting a break from bidding wars

The online real estate platform Opendoor noted the Dekalb County city’s small-town feel and plentiful outdoor spaces in explaining its selection. 

The modest 1% decline could indicate the current housing cycle is reaching a bottom as mortgage rates recede from their recent high, the National Association of REALTORS® said. 

The median price of a new home sold during the month was up 5.9%, however, according to figures from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Nationally, the median sales price slid 2.9% from June but rose 8.1% from July 2021, while closed transactions were down 16.6% on a monthly basis and 26.3% on a yearly one, RE/MAX said in its National Housing Report.

A recent decline in mortgage rates could return some purchasing power to buyers going forward, National Association of REALTORS® chief economist Lawrence Yun said. 

The pace of housing starts for both single-family and multifamily residences was down on a month over month basis, the U.S. Department of Housing and Urban Development reported. 

In Atlanta, 41.6% of offers faced competition last month.

The NAHB/Wells Fargo Housing Market Index fell for the eighth straight month in August, as the key measure of builder confidence indicated a pessimistic outlook. 

Homebuyers may catch a break this month as rates have come down nearly a point from the recent high on fears of a recession.