Local News
Real estate news in Atlanta
Affordable housing continues to be a concern for many Atlanta residents and government officials. In order to continue to provide affordable rent, the city council has voted to enact inclusionary zoning policies in the neighborhoods near the BeltLine and
Homes in Atlanta continue to fly off the market, causing rising prices across the area, according to RE/MAX Georgia’s October Housing Report. Prices jumped from $200,000 in October 2016 to $220,500 in October 2017, a 10.3 percent increase, which
The Atlanta Housing Authority has closed a deal to purchase the Civic Center for $31 million. Mayor Kasim Reed held a press conference last week to announce the purchase, which is part of a $300 million-plus redevelopment plan to
The Wall Street Journal put Atlanta in a three-way tie for third place in terms of its odds of winning the bid for Amazon’s second headquarters. The paper put Dallas and Boston at the first two spots on the
MARTA is hoping to receive federal funding in order to extend the blue line in order to serve residents as far east as Stonecrest Mall. According to a report from WABE, MARTA is compiling information on the expansion to
As millennials get older, they’re trading in their train passes for minivans as they head for the suburbs, this according to National Real Estate Investor’s survey of suburban areas with the best potential for millennial population growth. Thanks to
Source: Atlanta Realtors Association Although Atlanta home sales are heading into the fall slowdown, October sales are still up compared to this time last year, according to the Atlanta Realtors Association. October 2017 residential sales were at 4,387, which
Much ado has been made about the increasing share of unmarried Americans, which numbered more than 110.5 million — more than 45 percent of adults 18 and older in the United States last year, according to the U.S. Census
Source: Midtown Alliance Midtown has created new zoning policies as a result of exponential pedestrian growth in the area that will help propel a new pedestrian project. The organization expects to break ground on its longest most ambitious streetscape
Compass, a real estate technology startup, announced that it has raised $100 million during the Series E investment round, which it will use to expand to every major city within the United States. The company is now valued at $108
Compared to last year, home prices in the state of Georgia increased by 6.3 percent in September 2017, mirroring overvalued housing trends in many cities nationwide. According to CoreLogic’s U.S. Home Price Index, as of September 2017, half of
U.S. Secretary of Housing and Urban Development Ben Carson came to Atlanta earlier this week and toured HUD-assisted properties as well as the Family Self-Sufficiency and Choice Neighborhood programs. Carson also stopped at City Lights, which is an 80-unit, senior
Through August 2017, there have been 852,825 housing permits issued this year for single- and multi-family homes — an increase of 7.7 percent over August 2016. A recent report from the National Association of Home Builders analyzed U.S. Census Bureau’s Survey of
According to a new survey, homebuyers most interested in the south and many of them are headed toward Georgia. LendingTree reviewed purchase mortgage loan requests for each state’s primary residents from October 2016 to October 2017 and found the
With more homebuyers competing for a limited supply of homes, sellers are upping their prices to match the high demand, according to the S&P CoreLogic Case-Shiller Indices for August 2017. The National Home Price Index reported a gain of
Though spending for construction starts has exponentially increased in 2017 as a whole, both nonresidential and residential building starts have dipped in the past month, according to Dodge Data & Analytics. Last month, spending for residential building in the
