Trends
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“Much of what makes walkable neighborhoods so desirable and valuable has been diminished this year.” — Redfin chief economist Daryl Fairweather
A new Redfin report shows condos are selling for a record 17% discount to single-family homes as the coronavirus fuels demand for space.
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.
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?
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.
It was a good October for Georgia home sales. Check out Georgia MLS’s October 12-County Housing Market Snapshot report.
The biggest changes were found in mortgages that are in serious delinquency, meaning those that are at least 90 days delinquent.
The decision to rent or to buy was once a question of finances and lifestyle preferences, but the coronavirus pandemic has added yet another complex layer to the equation for many Americans.
