National News
Realor.com has compiled a list of the 10 markets where homes are lingering the longest — giving buyers a rare edge.
The number of homes available to buyers climbed 18.7% in June, the sharpest year-over-year increase in the history of the report.
What does the latest S&P CoreLogic Case-Shiller Index reveal about Atlanta real estate?
The increase ends a six-month string of monthly declines, the National Association of REALTORS® said.
New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
Meanwhile, existing-home sales slid 3.4% from April to a seasonally adjusted annual rate of 5.41 million, according to the National Association of REALTORS®.
Atlanta topped the list with 1,628 iBuyer home sales in the first quarter, accounting for 6% of home sales in the market over that period.
Home prices rose 3.9% month over month and 23.1% year over year to hit that milestone, RE/MAX said.
New-home completions rose during the month, however, with the increased inventory representing a rare bright spot in an otherwise gloomy government report.
The Federal Reserve raised interest rates by .75% today: the sharpest increase since 1994. How will that affect real estate?
Two major real estate firms are cutting their workforces amid a cooling housing market. Compass and Redfin are laying off 10% and 8% of their current staffs, respectively.
Lumber prices, once emblematic of widespread supply-chain woes, are finally beginning to fall. How will this affect the housing market?
It is a fun reminder that location is everything, and every state has amazing ultra-luxury properties for the right price.
The Belgian Economic Mission, led by Princess Astrid, is visiting Atlanta, Boston and New York next week.
Nationally, the index posted its highest annual increase ever.
Most of the single-family homes are in Texas, Georgia, Alabama and Oklahoma.
