Current Market Data

This week in Atlanta real estate: Smart neighborhood, housing sales decline and more

A building boom in Gwinnett County, multiple affordable housing projects and residential additions to a creative community are also in this week’s roundup.

More Americans say now is a good time to buy a home

NAR’s quarterly Homeownership Opportunities and Market Experience survey found homebuyer sentiment improving at the beginning of 2019. Out of more than 2,700 respondents to the survey, 65 percent agreed that Q1 2019 was a good time to buy a home.

Sales down, prices up in February

The Atlanta Realtors Association released its February Market Brief, which showed that 3,464 homes were sold last month, a whopping 16.9 percent increase over January 2019’s figure, which was 2,963. Median sales prices rose 3.5 percent from $264,000 in

Global wealth growth could offset ultra-lux home glut

Global economic growth will add 43,000 more people to the list of ultra-high net worth individuals by 2023. That’s good news for the luxury real estate industry in the U.S. and elsewhere, as sales and price growth have plateaued in recent years.

New 2019 housing forecasts reflect brighter outlook

Only three months ago, the consensus among economists studying the U.S. housing market was that 2019 would be, at best, unimpressive. Given prevailing trends at the time, it looked as though rising interest rates would continue driving up the

It’s cheaper to buy than rent in Atlanta

If your renter clients are under the impression that it’s too expensive to buy a place in metro Atlanta, LendingTree has some data that may make them rethink that. In fact, based on cost alone, it may not make

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Atlanta housing starts dip, but not for lack of demand

It’s been almost a decade since the Atlanta region experienced a year-over-year decline in quarterly construction starts but that’s exactly what happened last year, according to research released this week by Metrostudy, a provider of primary and secondary marketing

Case-Shiller: Home price growth trending downward

One of the most widely cited barometers of the U.S. housing market showed home price growth continuing a downward trend at the close of 2018, an positive sign for buyers. The S&P CoreLogic Case-Shiller Home Price Index registered a

Jan. existing-home sales leave room to grow

Evidence of slower price appreciation, growing inventory and falling interest rates have boosted economist expectations for U.S. home sales at the beginning of 2019. However, these trends that should entice buyers haven’t yet made an impact when it comes

For-sale inventory snaps 5-year losing streak

Changing tides in the national real estate market are leading to the most widespread inventory increases seen in at least five years. According to data collected by Zillow, for the first time since 2014, the U.S. housing market posted

Low mortgage rates fuel housing market outlook

Only a few months ago, most economists, mortgage lenders and others who closely track the mortgage market assumed interest rates would continue rising through 2019, driving up the cost of home purchases. But several weeks into the new year,

Profit for home sellers hits 12-year high

In a year defined by rising home prices, sellers fared well in 2018, according to a new report from Attom Data Solutions. Based on its analysis of public sales records across metro areas with at least 200,000 residents, the

Price cuts improve affordability for new construction buyers

The residential property market continues to look better for prospective buyers as the trend of falling prices extends into the new construction segment. In the fourth quarter of 2018, according to data from Zillow, more than a quarter of

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December home sales show market headwinds subsiding

The most recent existing home sales report from the National Association of Realtors found sales volumes decline on both a monthly and annual basis in the final weeks of 2018. December home closings touched their lowest annual rate since

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Median home sales price increasing at more than twice the national rate

The effects of low inventory caused housing prices to go up over the last year in the Atlanta market while at the same time, there were fewer home sales, according to December housing figures released by RE/MAX Georgia. In

Home listing growth accelerates to near 4-year high

At a key moment for the U.S. housing market, Redfin found more evidence that homebuyers are entering 2019 in perhaps the strongest position in years. The number of homes for sale in the nation’s largest markets grew 4.8 percent

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