Increased mortgage rates have sidelined many would-be buyers, allowing inventory levels to increase. As a result, buyers can now “shop around” more than during the peak of the pandemic, putting the burden of concessions back on sellers.
At the same time, new and active listings of homes declined, Georgia MLS reported, citing its 12-county Housing Market Snapshot.
According to a new analysis from Zillow, there will still be competition for affordably-priced houses this homebuying season.
Multigenerational homes are defined by NAR as homes where families live under the same roof with grandparents, adult children or other extended family members.
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 firm said 147,881 multifamily units are in some stage of the development process in the greater Atlanta market.
Current real estate market conditions have not discouraged buyers from their plans of homeownership, according to a new survey from RE/MAX.
A report from Realtor.com shows that many areas that experienced substantial growth during the pandemic are now posting some of the country’s steepest price reductions.
A report from Redfin shows that 29% of single-family homes for sale in the U.S. were new constructions in the third quarter of 2022.
According to our 2023 Predictions Survey, 59% of Atlanta real estate professionals expect their 2023 numbers to top their 2022 numbers, despite rising interest rates.
Data from the PEW Trust shows that investment companies make up approximately a quarter of the entire single-family home market across the U.S.
Mortgage rates continued to weigh on homebuyers in September, following a brief uptick in new-home sales in August.
At the same time, mortgage applications declined 1.7% on a seasonally adjusted basis on a week-over-week basis, according to the Mortgage Bankers Association.
Month over month in September, existing-home sales slid 1.5% to 4.71 million, which is 23.8% lower than the year before.
New home construction missed analyst estimates in September, falling 8.1% month over month to an annual rate 1,439,000 homes, according to government statistics.
Approximately 58% of homebuyers say they’d be willing to purchase a haunted house — and nearly 25% think they already have.