Trends
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“Historically low-interest rates, a shortage of new housing inventory and limited new construction have contributed to rising home prices nationwide.” — Don Ganguly, senior vice president of Mynd Investor Services
Think December is a slowdown month for home sales? Well, don’t let Georgians know because residential sales climbed 5.8% from the previous month statewide
As the housing market heated up this summer, selling to an iBuyer became a less attractive option for many profit-minded homeowners.
The report noted that 29.4% of Redfin.com users nationwide looked at relocating to another metro area in October and November — that’s up from 25.4% last year.
An ongoing shortage of existing homes on the market has made newly constructed homes especially desirable.
“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.
