The lots purchased by Blue River Development are in five master-planned communities around McDonough. 

The Modera Old Ivy in Buckhead is expecting its first move-ins early next month. 

The inventory of unsold homes increased in April, while the median existing-home sales price rose, according to the National Association of REALTORS®.

According to local tax records, the communities were purchased for about $133 million in 2018. 

“Builders are responding to higher mortgage rates and are chasing rising rents, with fewer homebuyers and more renters being forced to renew their leases.” — NAR Chief Economist Lawrence Yun 

“Find a good mentor and brokerage that fits your vibe.” — Josh Moss, real estate advisor, Engel & Völkers Atlanta

The release of the monthly survey from the National Association of Home Builders comes as the Biden Administration unveiled a housing-supply action plan that aims to boost the supply of affordable apartments and new homes. 

The new hire, Blake Irving, will help train the firm’s more than 1,500 associates, emphasizing technology, engagement and innovation. 

The 55-plus rental community is budgeted at $35 million and is backed by Grammy award-winning Christian musician Lecrae Moore. 

The rate of Hispanic homeownership is steadily increasing, new data from The National Association of Hispanic Real Estate Professionals shows. With 8.8 million Hispanic-owned households, more than 48% of Latinos now own homes, reflecting a continual rise since 2014.