Trends
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Of the 23 area counties analyzed by asset manager and developer St. Bourke, 20 saw new-home construction decline.
The 30-year fixed-rate mortgage averaged 6.32% as of Feb. 16, up from 6.12% a week before and 3.92% a year earlier.
The average size of new apartments across the country has decreased by 30 square feet year over year, according to a new report from RentCafe.
According to a new analysis from Zillow, there will still be competition for affordably-priced houses this homebuying season.
The pace of mortgage applications fell 7.7% in the week ended Feb. 10, the Mortgage Bankers Association reported.
Builder confidence rose for the second consecutive month in February with a seven-point increase that brought it to its highest level since last September, the National Association of Home Builders said.
Multifamily investor CONTI Capital cited Atlanta’s young demographic in its ranking.
The 30-year fixed rate fell for the fifth week in a row, giving a lift to lending activity, the Mortgage Bankers Association said.
Multigenerational homes are defined by NAR as homes where families live under the same roof with grandparents, adult children or other extended family members.
The median sales price of homes sold in January was up 2.3% year over year.
Homebuyers can now afford $400,000 homes with $2,500 monthly budgets for the first time in four months, according to a new report from Redfin.
The median sales price of a new home was down on a monthly basis but up on an annual one.
Total housing inventory rose 45.9% from December 2021 to 10,547 units, while new listings fell 26% to 3,845.
House prices, however, continued to rise, marking the 130th consecutive month for price gains, the longest streak on record, the National Association of REALTORS® said.
The U-Haul Growth Index showed Georgia was a net importer of residents based on the number of one-way truck rentals to and from the state.
The increase in builder confidence breaks a string of 12 straight monthly declines in the NAHB/Wells Fargo Housing Market Index.