The price index continued to climb in Atlanta, though, increasing 0.64% from June to July. Year over year, the Atlanta home price index is up 22.4%
The National Association of REALTORS® expects existing-home sales to close 2022 15.2% lower compared to 2021, thanks to economic uncertainty and rising mortgage rates.
Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before.
New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.
A continuing combination of increased interest rates, supply-chain disruptions and high home prices has sapped homebuilder sentiment every month this year.
Norada noted Atlanta’s 14% population growth over the last decade and its strong employment as indicators of a robust real estate investment market.
Atlanta’s urban core saw more multifamily units delivered over the last 10 years than any city in the U.S., a StorageCafe study finds.
Mortgage applications declined 1.2% during the week ended Sept. 9, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Shirley Gary was named the top agent nationwide by sales volume and sides for the second year in a row by the LGBTQ+ Real Estate Alliance.