Last October, the Douglasville City Council approved the rezoning of 83.3 acres near the intersection of Prestley Mill Road and Timber Ridge Road to allow for the subdivision, which will be called Somerset at Timber Ridge.

The sale of the communities follows the investor’s December 2021 announcement that it would break ground on a community in Conyers later this month.

Nationally, housing prices were also on the rise, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. 

The year ended with days on market falling to 49 from 61, while sales of existing homes plunged on an annual basis.

“Do something to improve your business every day.” — Casey Sears, associate broker, Century 21 Connect Realty

DECEMBER 29, 2021
South Florida Agent’s top 5 Association News items from 2021
In 2021, our guest contributors shed light on critical topics, including affordable housing, diversity and unconscious bias.

Fears of an economic fallout are causing long-term U.S. mortgage rates to fall as the newest COVID-19 strain reignites worry among Americans. 

Of the many industry heavyweights who participated in Who’s Who 2021, some profiles experienced extremely high readership. Check them out.

Our Agent Snapshot feature offers a spotlight on some of the many hardworking around Atlanta. And over the past year, our readers have enjoyed learning more about their lives and careers. Check out our most viewed Agent Snapshot profiles.

2021 was a fascinating year for the real estate market — particularly in Atlanta. Check out the hometown stories that most interested our Atlanta readers.

Atlanta-based ECI Group is developing the class-A community, which will provide the first new apartments in Conyers in 20 years.

The seasonal housing cooldown may end early this year according to Zillow’s latest market report, which found the spring market thaw may be here before winter even begins.

The off-market transaction was facilitated by Berkadia, which secured $17.5 million of equity capital from MLG Capital on behalf of the investor, One Real Estate Investment.

The group will seek to celebrate the racial diversity of Compass employees, invest in the black community, highlight racial discrepancies in the real estate industry and initiate change.

Eviction filings are rising as millions of Americans are being forced from their homes months after lawmakers allowed the federally imposed eviction moratorium to expire. 

“The market is roaring along, with only half the seasonal slowdown we typically see from October to November.” — RE/MAX LLC President Nick Bailey