Current Market Data
A new report from Homes.com shows that prospective homebuyers are still waiting to see if they will work from home permanently.
It takes Atlanta homebuyers 5.32 years to meet the minimum threshold of 20%, or $70,980, to qualify for a mortgage.
The Redfin report notes that Biden won the Atlanta suburbs by a 30.5 percentage-point margin, an increase of more than 7 percentage points from the 2016 Presidential election.
There are 5.7 million “missing” households since the Great Recession, a fact likely to boost housing demand for at least the next several years.
There was a stark contrast between single-family home sales and condo sales, along with properties under $199,000, according to the report.
New home closings dropped during October after going up during the months of June and July.
Home construction continued to surge across the nation, which reflected the projection that new homes will help moderate price growth over the next 12 months.
Nationally, contract signings are up 20.2% compared to a year ago, but industry insiders say high prices are beginning to affect sales.
Despite the ongoing COVID-19 pandemic continuing to bring economic insecurity, new data shows home prices rose nearly 6.95% in September, the fastest rate since May 2014.
Where do you think the priciest zip codes are in the Atlanta metro area?
Empty commercial space is a looming crisis. What if all that unused real estate were converted to housing?
The shortage of sellers and abundance of buyers was reflected by a national inventory decrease of 32.5% year over year.
A new report from CoreLogic shows higher-priced rentals returned to 2019 growth rates while the lower-priced tier continues to lag.
“COVID-19 cases are on the rise and there is increasing likelihood of a further impact on economic activity, which may trigger a corresponding increase in unemployment in impacted industries,” says First American Chief Economist Mark Fleming.
While home sales continued to evade the seasonal decline, buyers and sellers took a breather last week as COVID-19 cases spiked and the nation focused on the presidential election, according to realtor.com’s Weekly Housing Report.
A new report from NAR points to changes in homebuyer and home seller behavior brought about by the pandemic.
