National News
The average 30-year fixed mortgage rate dropped more than a quarter point since last week.
NAR’s commissions lawsuit settlement includes some nuances important to know for buyer’s agents, seller’s agents and clients.
At the same time, housing inventory increased, and days on market remained flat.
The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month.
Just 13% of respondents expect an increase in buyer traffic in the next three months.
The city moved up one spot from its May ranking, despite a significant drop in sales, according to RE/MAX.
The city moved up two spots in RentCafe’s annual study.
Atlanta ranked No. 7 for the number of coworking locations and No. 8 for coworking square footage, CoworkingCafe said.
The new name conveys a “concise, modern identity,” the company said.
Clever Real Estate ranked Atlanta No. 8 among major U.S. markets, citing home values, commission rates and the relative ease of obtaining a real estate license.
In Atlanta, the 2022 shortage was more than 65,000 homes, a 3.3% increase from 2021.
The city also ranked fifth for year-over-year increases in new listings, RE/MAX said, citing its National Housing Report.
The city dropped from its No. 1 ranking in the most recent annual survey by CoworkingCafe due to a relatively high unemployment rate for 20-somethings.
Pro Tool Reviews analyzed home-renovation spending across the U.S. and determined that Atlantans spent $12.9 billion on home improvements over the last two years, just behind San Franciscans, who spent $13 billion.
The money raised will go to nonprofit organizations that support the U.S. military community.
At the same time, days on market and housing inventory fell.
