Local News
Real estate news in Atlanta
After a few difficult years, the income and business of Realtors grew in 2011, according to the 2012 National Association of Realtors Member Profile. A survey of 58,823 NAR members that yielded 6,245 usable responses, the profile found the median
Housing affordability has been trending upwards in the post-boom housing market, and according to analytics firm Fiserv, it’s now at a 40-year high. Utilizing data from the Federal Housing Finance Agency, Fiserv studied 380 U.S. markets, and it found
NAHB Chairman Barry Rutenberg has become the latest proponent for housing finance reform, arguing in an op-ed for a comprehensive overhaul of the current system. “Our goal is to overhaul the housing finance system to ensure that housing credit
A new study out by Standard & Poor’s is estimating it will take 46 months to clear out the nation’s supply of shadow inventory, one month less than predictions from 2011. Liquidation rates for the residential mortgage markets appeared
Median home values, improving sales and stronger inventories were all features of the 2012 first quarter report from the National Association of Realtors (NAR). Median existing single-family home prices rose year-over-year in 74 out of the 146 metro areas tracked
A new chart of analysis has reinvigorated the homeownership vs renting debate, with another nod of economic approval heading for the homeowners’ corner. Assembled by analyst Ben Walsh for Felix Salmon of Reuters, the chart uses the most recent data from
The wave of foreclosures that many analysts had anticipated has, thus far, failed to materialize (knock on wood), and its absence is making some reconsider the housing market. As the Wall Street Journal explained in a recent story, the biggest
The federal conforming loan limit was one of the most highly contentious issues in the tail end of 2011, but based on recent statistics, all that controversy seems to have been for naught. Originally passed in late 2008 to
After a couple of mild months, construction spending rebounded in March, according to new data from the U.S. Census Bureau. For the month, spending was up 6.0 percent from March 2011 to a seasonally adjusted annual rate of $808.1
Month after month, data comes out affirming the rising demand for rental units, and like the wider world of real estate, fresh and unusual details often accompanies it. A recent Wall Street Journal piece on the rent/homeownership dichotomy has presented
Foreclosure activity was down in the latest foreclosure report from RealtyTrac, which covered foreclosure filings, default notices, scheduled auctions and bank repossessions for the first quarter of 2012. The total properties in these catergories is reported to be 572,928 properties during
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury just released the Obama Administration’s Housing Scorecard for March, showing improvement in some areas from previous months. Raphael Bostic, an assistant secretary for
By Lani Rosales, AGBeat RealSupport CEO and President Carrie Gable set out to put real estate assistants in agents’ offices without taking up an extra desk, making the process completely virtual. What separates RealSupport, founded in 2000, in the
The National Association of Realtors (NAR) is raising awareness for fair housing to celebrate the 44th anniversary of the Fair Housing Act, which was introduced in 1968. The Fair Housing Act prohibits discrimination based on race, color, national origin, religion,
An interesting nugget of information on contract failures, was tucked away in the National Association of Realtor’s latest press release on existing-home sales. Amidst the details on sales (which were down 0.9 percent monthly but up 8.8 percent year, in case
All week, we’ve been reporting on the different dimensions of the housing recovery. From housing’s relationship with the greater economic progression of 2012, to positive projections from Frank Nothaft, Freddie Mac’s chief economist, to the continually high interest from Americans
