News / Features

192-unit community headed for Acworth 

The property, to be called Penler Cherokee, will include eight, two-story garden-style buildings on an 18.3-acre site. 

HomeSmart acquires Solid Source Real Estate 

The acquisition of the Roswell-based brokerage brings about 2,000 Atlanta-area agents into HomeSmart’s ranks. 

Court sides with National Association of Realtors, halts antitrust investigation 

The Department of Justice must close its reopened antitrust investigation into the National Association of Realtors, a federal judge ruled this week.

Ascent at Riverdale sold for $20.5 million 

The 180-unit garden-apartment community was built in 1972. 

New-home sales rise in December 

The median sales price of a new home was down on a monthly basis but up on an annual one. 

Atlanta home sales drop in December as median price rises 

Total housing inventory rose 45.9% from December 2021 to 10,547 units, while new listings fell 26% to 3,845. 

Trilogy Investment promotes executives 

The Alpharetta-based build-to-rent developer named a new chief development officer and general counsel. 

Mayor, councilmember push housing subsidy for sworn officers 

The $500,000 in funding would be used to encourage firefighters, police officers and corrections officials to live near their workplaces or in their zones. 

First MLS launches Alexa-based property-search engine for the visually impaired 

The Finding Homes service, which works on any Alexa-equipped smart phone, allows people to access FMLS real estate listings. 

New Albany manufactured-home community sells for $3.65 million 

The community, Mighty Oak, has 118 homesites and sits on 26 acres. 

NAR: Existing-home sales dip 1.5% in December 

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.   

Home prices increase as falling mortgage rates attract buyers

More buyers have entered the market in the past four weeks as mortgage rates fell.

Duluth apartment community sells for $51.5 million 

The community, the 266-unit Paramont Apartments, previously sold for $26.7 million in 2018. 

Georgia ranks No. 8 for growth based on U-Haul rentals 

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. 

Single-family starts, builder confidence rise 

The increase in builder confidence breaks a string of 12 straight monthly declines in the NAHB/Wells Fargo Housing Market Index. 

300-unit community proposed for downtown Hapeville 

The proposed project, Modera Hapeville, has been proposed by Mill Creek Residential, which already has 10 Modera-branded communities in Atlanta. 

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