National News

National home prices see first monthly drop since January 2019, S&P CoreLogic Case-Shiller Index shows

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% 

NAR: High mortgage rates bring third monthly decline in pending-home sales 

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. 

New-home sales post unexpected rebound in August 

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.  

NAR: Existing-home sales fell in August while prices rose 

The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before. 

Housing starts surprise to the upside in August 

New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.  

Builder confidence falls for ninth consecutive month 

A continuing combination of increased interest rates, supply-chain disruptions and high home prices has sapped homebuilder sentiment every month this year. 

Atlanta named No. 5 city for real estate investment in 2022 and 2023

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 leads U.S. in intown apartment development 

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. 

30-year fixed tops 6% for first time since 2008 in latest MBA survey 

Mortgage applications declined 1.2% during the week ended Sept. 9, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. 

Engel & Völkers’ Shirley Gary again ranked No. 1 agent by LGBTQ+ Real Estate Alliance 

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. 

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