Current Market Data

U.S. foreclosures are the highest since pandemic’s start

January foreclosure filings were the highest since the start of the pandemic, according to a new report. 

Mortgage applications fall more than 8%

The average contract interest rate for 30-year fixed-rate mortgages backed by the Federal Housing Administration increased to 3.93% from 3.86%, the Mortgage Bankers Association said. 

Millennial demand driving up prices in family-friendly neighborhoods

Across the country, 10% of ZIP codes with the largest share of children had an average home value growth of 21.3% from October 2020 to October 2021.

Midtown sees record residential development in 2021

Atlanta’s Midtown Alliance said there were 5,172 residential units concurrently delivered or under construction in 2021, a new record. 

Home-price growth could slow by end of year

Home-price growth could slow by the end of 2022, despite the housing market breaking records in January.

Atlanta Housing Scorecard: Housing starts rise in January as inventory, existing-home sales fall

Days on market for homes sold in Atlanta fell to 52 from 64 a year earlier.

Real estate advisors project tamer housing market in 2022

Home-price growth is expected to average about 5% this year, far below the record-breaking pace set in 2021, RCLCO reported. 

2022 kicks off with hottest January on record

The new year kicked off with the hottest January on record, despite having the first pending sales decline since June of 2020, according to a recent Redfin report.  Last month, 45% of homes found a buyer within two weeks

GAMLS: Atlanta-area home sales plunge 37% in January

Sales volume by dollar amount fell precipitously, declining 37.4% from $2.59 billion worth of transactions in December to $1.62 billion in January, Georgia MLS reported, citing its monthly Housing Market Snapshot.

Total value of U.S. housing doubled in the last 10 years

Home values grew 19.6% last year, an all-time high in Zillow’s data, which goes back more than 20 years.

Home sale profits rise to the highest level in 13 years

In 2021, home sale profits rose in more than 90% of the country’s housing markets and reached the highest level since 2008. 

2021 ends with a bang in new-home sales

Builders started to make headway against supply-chain issues that have hampered construction of homes in the face of high demand. 

Record low inventory drives housing prices in Atlanta higher, sales lower in December

Atlanta’s housing inventory fell 22.3% year over year in December to a record low of a one-month supply, Atlanta REALTORS® Association reported.

Atlanta rents, mortgages both on the rise and breaking records

Rising prices and rates are driving up mortgage payments which are pushing up demand for rentals.

Price appreciation in new vs. existing homes: CoreLogic investigates

New homes and existing homes are appreciating at similar rates, according to a new report from CoreLogic.

Inventory falls 40% from pre-pandemic levels, as home values accelerate

Rent growth also slowed in December, posting the lowest monthly increase since February 2020.

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