Local News

Real estate news in Atlanta

RE/MAX Around Atlanta hires three more agents, bringing two-year hiring total to more than 20

Since 2020, the firm has brought on more than 20 agents with a range of REALTOR® experience.

Redfin reports 10 housing records set in 2021

The pandemic and work-from-home orders have changed where, when and why people buy homes. As a result, housing prices hit the highest median of all time in 2021, as the number of homes for sale fell to an all-time low and the demand for second homes surged, according to a new Redfin report. 

Real estate fund acquires 610-unit Cumberland apartment community

The property, Westhaven at Vinings, was developed in three phases from 1985 to 1989 and includes a mix of one-, two- and three-bedroom units in a variety of layouts. Existing amenities include four swimming pools, two clubhouses, tennis courts and a dog park.

NAR applauds President Biden’s nomination of FHFA director

The National Association of REALTORS®  applauded President Joe Biden’s nomination of acting Federal Housing Finance Agency director Sandra Thompson to serve in a permanent capacity.. “Her talents and experience will benefit the enterprises, homeowners and home buyers and the mortgage-financing ecosystem,” NAR President Leslie Rouda Smith said in a press release.

Maria Bouloukos

“Find a mentor and be confident.” — Maria Bouloukos, Realtor, RE/MAX Tru

Rezoning sought for 343-unit mixed-use project on Howell Mill

The 1.26-acre property is an assemblage of several parcels on the east side of Howell Mill Road between 9th and 10th streets northwest.

NAR donated nearly 3,500 meals to Americans in last six months

As part of an ongoing relationship with the Food Recovery Network (FRN), the National Association of Realtors provided roughly 3,475 meals to Americans in the past six months, according to a press release. 

Asset Living acquires Atlanta-based apartment-services firm JMG Realty

JMG Realty provides management, redevelopment, financial and investment services for multifamily, affordable and build-to-rent real estate properties to both private and institutional owners.

Investors to convert Peachtree Corners hotel into “tech-focused” apartment community

Charleston, S.C.-based Blaze Capital Partners and Wayne, Pa.-based Argosy Real Estate Partners recently acquired the property, which is located at 450 Technology Parkway NW in Atlanta TechPark.

Survey: Millennial homeowners most burdened by debt, homeownership costs

Millennials are at the greatest risk of becoming house-rich and cash-poor as the generation is spending the highest percentage of their monthly income on homeownership costs compared to other generations, according to a new Hometap report.

Zonda hires advisory principal for Atlanta region

In his new role, Andrew Wilson will be responsible for business development of advisory services, helping clients grow their businesses and providing data-driven housing-market solutions to the local homebuilding and multifamily residential industry.

163-apartment mixed-use development proposed for Smyrna

The proposal calls for the construction of a 163-apartment mixed-use development on 6.9 wooded acres at the northeast corner of South Cobb Drive and Oakdale Road in Smyrna.

Work begins on multifamily component at The Works

The other components of phase one of The Works include 160,000 square feet of retail space and 125,000 square feet of offices.

Atlanta’s PadSplit takes top honors in Inc.’s 2021 Best in Business list

Founded in 2017, PadSplit is a public benefit corporation that uses an Airbnb-style marketplace for affordable shared-housing options for lower-income individuals.

Atlanta Housing Scorecard: Housing starts, existing-home sales, inventory fall in November

At the same time, days on market fell to 49 from 58.

Investors pick up 296-unit apartment community in Buford, cite value-add opportunities

The property, located at 1851 Satellite Blvd., is a 2011 institutional -quality asset that enjoys an exceptional location, great amenity package and an interior-renovation opportunity, the purchasers said.

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