It also ranks among the top 15 states in the economy, infrastructure, opportunity and fiscal stability categories.

Lenders issued $1.06 trillion worth of mortgages in the fourth quarter of 2020 with refis contributing to the boost.

“More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day,” National Association of Realtors chief economist Lawrence Yun said in a release.

The increase follows a decline earlier in February that cut the number of homeowners in forbearance plans to less than 2.7 million, the first dip below that threshold since April 2020.

New home listings nationwide fell 17% from last year, while median home sale prices are up 15%, according to a recent Redfin report.  

The all-time high for January comes as limited supply cut pending transactions on a monthly basis, the association said.

Atlanta was second only to Dallas-Fort Worth by number of multifamily deals between 2009 and 2020, according to CommercialSearch.

Atlanta saw a drop in bidding wars with 26% of Redfin offers in January compared to 34.8% in December 2020.

In Atlanta, 3.6% of last year’s Redfin searches were for homes priced higher than $1 million.

The study dispels a long-held belief that nearby homes lose value once low-income housing is built in an area.

January home sales in Atlanta were roughly flat on an annual basis as inventory plunged, according to RE/MAX’s most recent National Housing Report.

Median prices rose 15%, pending home sales were up 29%, and new listings fell 11% from the same period a year earlier.

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

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.

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.