Trends

New homes are trending smaller

The median area for a new single-family home fell to 2,191 square feet in the second quarter — the lowest recorded size since 2010.

One in five millennials think they’ll never own a home

Eighteen percent of millennials — approximately one in five — believe they will never become a homeowner, according to a recent survey from Redfin.

Case-Shiller: Home-price index just 0.02% off 2022 peak; Atlanta sees 2.1% gain 

A fifth consecutive month of increases in the S&P CoreLogic Case-Shiller U.S. National Home Price Index suggests the housing market recovery that began earlier this year is likely to continue. 

Half of all buyers are first-timers in 2023

First-timers made up 45% of buyers in 2022 and 37% in 2021.

Atlanta takes 6th place among top 25 cities for coworking space 

During the second quarter, the city saw significant gains in the number of coworking spaces as well as total coworking square footage, CoworkingCafe found. 

Dark hues are one paint trend that could increase home values

“Paint is a relatively affordable and easy change, yet it has an outsized impact on a buyer’s perception of the home,” said Amanda Pendleton, home trends expert at Zillow.

One-fifth of all Americans rent storage spaces — what that says about renters’ growing need for space

The need for more space is common among all self-storage users: 40% of survey respondents listed this as their primary reason for renting storage space.

Renovations that can boost your bottom line

One of the best ways sellers can make their home stand out in today’s market is by upgrading their space with luxury renovations and amenities.

Redfin: Seller concessions on the rise again

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.

GAMLS: Atlanta home sales jump month over month

At the same time, new and active listings of homes declined, Georgia MLS reported, citing its 12-county Housing Market Snapshot.  

While homebuying season may feel calmer, Zillow says expect competition

According to a new analysis from Zillow, there will still be competition for affordably-priced houses this homebuying season.

Multigenerational homebuying nears all-time high

Multigenerational homes are defined by NAR as homes where families live under the same roof with grandparents, adult children or other extended family members.

Decreasing mortgage rates mean buyers and sellers are returning to the market

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.

Berkadia: Almost 150,000 apartments in Atlanta’s pipeline 

The firm said 147,881 multifamily units are in some stage of the development process in the greater Atlanta market. 

Homeownership still a top priority among consumers, survey finds

Current real estate market conditions have not discouraged buyers from their plans of homeownership, according to a new survey from RE/MAX.

States that saw the most pandemic-era growth are now leading in price reductions

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.

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