National News

Existing-home sales slide again in May
Existing-home sales slide again in May

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

70% of homebuyers still facing bidding wars
70% of homebuyers still facing bidding wars

Market competition has eased up recently, but seven in 10 buyers still face bidding wars, according to a new report from Redfin.

Housing starts rise in May, but building permits fall
Housing starts rise in May, but building permits fall

Single-family housing starts were up 4.2% from April and 49.8% from May 2020, at 1,098,000, according to the U.S. Census Bureau and Department of Housing and Urban Development.

Housing market simmers down, but pending sales are still up
Housing market simmers down, but pending sales are still up

While pending sales are up 29% year over year, they are starting to slow and have fallen 9.7% from their peak.

NAHB: Builder confidence sinks on rising materials costs, supply chain shortages
NAHB: Builder confidence sinks on rising materials costs, supply chain shortages

Increasing costs and the declining availability of key building materials dampened builder sentiment, as higher costs have pushed some new homes beyond the budget of prospective buyers. 

Could zoning changes help boost supply and balance the market?
Could zoning changes help boost supply and balance the market?

Expert panelists from Zillow’s Home Price Expectations Survey say if changes aren’t made, new construction growth will stall, home prices will continue to increase, and less of today’s 30-somethings will have the ability to own a home.

2 Atlanta apartment firms join forces
2 Atlanta apartment firms join forces

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

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

COVID and a booming housing market have fueled a record number of Realtors
COVID and a booming housing market have fueled a record number of Realtors

The COVID pandemic has caused a shakeup in where, and how, many people work. That has helped propel a thriving housing market.

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

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

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