Local News

Real estate news in Atlanta

Atlanta RE-tech firm gets venture-cap investment, names new CEO

The new chief executive, Emily Traxler, is a certified customer success expert for tech startups and will take the company’s reins from founders Bernadine W. Drake and Glenn Drake.

Gabi Lavelle

“Don’t let anyone tell you that you can’t do something.” — Gabi Lavelle, on-site agent, The Providence Group, Atlanta

Harry Norman opens Woodstock office

The office, located at 150 Fowler St., is led by managing broker Jill Triola.

Thursday is the most popular day to list a home in Atlanta

With half of all homes in today’s market selling above the asking price, the timing of when to list can have an impact on both time on market and sale price.

Joint venture acquires 284-apartment community in Cumberland/Galleria

The complex sits on approximately 5.6 acres and consists of two five-story, elevator-served buildings with a 514-space parking deck between the buildings.

Green Brick Partners acquires 6,000 homesites in Atlanta, Dallas-Fort Worth

The Atlanta-area communities are in Alpharetta and Sugar Hill, while the Texas projects are in Frisco, Allen, McKinney, Forney, Princeton, Grand Prairie and Waxahachie.

Atlanta home prices reach new highs in May

Home-price growth remained in double digits for the 10th straight month in May, as inventory lows pushed the median listing prices up 15.2% from last year.

GAMLS: Atlanta-area housing inventory rises 3% in May

Despite the monthly increase, listings stayed near all-time lows, down 59.8% from 15,281 listings in May 2020. 

Linda Spencer

“Calm down and soar. Enjoy the process.” — Linda Spencer, real estate adviser, Engel & Völkers Atlanta – North Fulton

Atlanta Housing Scorecard: Housing starts, existing-home sales surge in May

Housing inventory, meanwhile, remained significantly below year-ago levels in May.

Zombie foreclosures up 21% across the country

Of the 99 million residential properties in the U.S., approximately 1.4 million (or 1.4%) are vacant this quarter, with “zombie” home rates increasing both quarterly (21%) and annually (5.6%).  

Pulte Homes to open 49-townhome community in Marietta

All open-concept designs will offer three bedrooms, two-and-a-half baths and two-car garages. They will range in size from 1,671 square feet to 2,090 and be priced from the mid-$300,000s.

NY firm scoops up 316-unit Gwinnett County apartment complex

The amenity-rich community offers one-, two- and three-bedroom apartments, and one-bedroom rents start at $1,147, while two-bedrooms start at $1,504.

Harry Norman launches virtual assistant, “Ava,” on website

Ava uses Roof AI-powered technology to detect customer intent and provide 24/7 support, with the objective of using Ava conversations to create real home-buying opportunities.

April Davis

“Keep going. You’ll have so many emotions, but keep GOING!” — April Davis, Realtor, Keller Williams Cityside – Smyrna

S&P CoreLogic Case-Shiller: Atlanta home-price gains accelerate yet again

Nationwide, the seasonally adjusted housing index rose 2% month over month in February and 13.2% year over year, up from a monthly increase of 1.2% in February. 

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