The median existing-home price for all housing types rose to $350,300 in May, marking another new record. 

The new vice president has 19 years of real estate experience and holds an associate broker’s license under Berkshire Hathaway HomeServices Georgia Properties.

The property, The Life at West Cobb Apartments, is located at 2665 Favor Road and is a 90% low-income-housing tax-credit community.

Inventory levels rebounded last month, finally showing signs of recovery following a year of historical declines.

The typical increase in home sales as summer approaches failed to materialize nationwide last month, with average sales dropping 0.2% from April to May, but month-over-month sales in Atlanta dipped even further, declining 0.8%, according to the RE/MAX May National Housing Report.

“Don’t be afraid to go outside the box.” — Kamron Engler, Realtor, The Engler Group of RE/MAX Town & Country

Meghann Brackett, who specializes in luxury properties in Georgia’s northeast mountain region, was also named top agent for the state and the #1 Individual Agent for total gross commission income in Georgia during the quarter.

The rise in equity could help stave off foreclosures because homeowners can tap into that equity and sell their home, unlike during the 2008 financial crisis when many homeowners found themselves underwater in their mortgage, according to CoreLogic.

The residential portion will be known as the Abbington at Ormewood Park, while the commercial component will be called The Lodge in honor of the historic Masonic Lodge that will be the centerpiece of the development.

Experts at Builder Magazine recently came out with their Local Leaders list for 2020, which ranks the country’s 50 largest new-home markets based on closings by the end of the year.

The Worthing Cos. transferred its property-management division to RAM Partners, which will provide lease-up services on all Worthing-sponsored developments.

Rising property values had homeowners cashing out of their existing residences to buy bigger homes in less-expensive areas last year.

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.

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

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

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.