Current Market Data

Atlanta rents jump in 2020, along with other major markets

“In the final months of 2020, single-family rents posted the highest increases in over four years,” said Molly Boesel, principal economist at CoreLogic. “However, single-family rent price reaction to the pandemic and resulting recession differed greatly across metros.”

Zillow finds home values growing more slowly in Atlanta than in suburbs

Zillow’s national figures showed high demand for housing in urban areas helping values in cities keep pace with those in the suburbs.

GAMLS: Atlanta home sales remain brisk in January

The Atlanta metro area continued to see a healthy pace of home sales in January despite dwindling inventory, Georgia MLS said in its Housing Snapshot.

Georgia housing market remains hot in 2020 despite pandemic

After a bumpy start to 2020, Georgia’s housing market shrugged off much of the initial pandemic-related disruptions to post a solid finish to the year, with major indicators pointing to strong demand and tight supply, according to the Georgia Association of Realtors’ annual report.

Atlanta home prices jump 18.6% in 2020

The report added that vacation homes and affordable homes in small towns near major urban centers were in strong demand as a result of the pandemic.

Vacation home sales skyrocketing

The trend of purchasing a second home has sent home prices in seasonal towns skyrocketing in value by 19% for the year ending December 2020.

Americans on the move: Atlanta top city for inbound migration

The COVID-19 pandemic is accelerating migration across the country, following moving patterns that began in prior years, according to a new report.

CoreLogic: December home prices rise at fastest rate since 2014

CoreLogic is predicting that, nationally, home prices will increase by another 2.9% by December 2021 as homeowners delay selling, inventory remains tight and interest rates stay low.

Waiting to buy in Atlanta could mean higher mortgage payments

Fence-sitters thinking of buying a home beware, says a new study from Zillow, which notes that waiting could mean a much higher mortgage payment down the road.

Despite rising rates, housing market expected to thrive

“Context matters and each rising-rate era is different, says First American Chief Economist Mark Fleming. “The housing market response depends on the reason why rates are rising.”

Contract signings reach record high for the month of December, says NAR

Nationally, contract signings rose 21.4% from December 2019, with all regions reaching double-digit year-over-year increases.

Moving home gives young homebuyers an easy way to save for a down payment

Based on U.S. median one-bedroom rent, it would take 11 months to save for a 5% down payment for the median priced home in the U.S.

Atlanta named No. 5 most glamorous city in U.S.

A new report ranks the glamour capitals of America — as well as the glamour deserts.

First-time Atlanta homebuyers face bidding wars from wealthy out-of-towners

“Homeowners will see the value of their homes rise, but first-time homebuyers will face tougher competition from out-of-towners with big budgets.” — Daryl Fairweather, Redfin chief economist

Existing-home sales in 2020 highest since 2006, says NAR

Amid demand, housing inventory sank to historic lows.


December Housing Starts report offers optimism for 2021

New home construction accelerating, offering supply relief as 2021 begins.

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