National News

Surge in multifamily construction drives housing starts in August
Surge in multifamily construction drives housing starts in August

The increase was driven by a 21.6% month-over-month spike in the rate of new multifamily construction. Single-family housing starts, meanwhile, slid 2.8%.

NAHB: Builder confidence posts first monthly gain in four months
NAHB: Builder confidence posts first monthly gain in four months

September’s reading of 76 was up one point from August, despite lingering challenges with labor and the building-material supply chain, the National Association of Home Builders reported, citing the latest NAHB/Wells Fargo Housing Market Index.

RE/MAX: Home sales, prices decline in August
RE/MAX: Home sales, prices decline in August

Month over month, home sales were down 3.5%, and the median sale price declined 1.2% to $335,000.

San Francisco home-maintenance app enters Atlanta
San Francisco home-maintenance app enters Atlanta

The move marks the first step in the company’s plan to expand in the Southeast.

NAR sues DOJ after the department withdraws from antitrust settlement
NAR sues DOJ after the department withdraws from antitrust settlement

The Justice Department’s original complaint against the National Association of Realtors, filed Nov. 19, 2020, alleges that the association enforced rules and policies that illegally hampered competition in residential real estate services.

Mortgage rates remain flat at 2.88%
Mortgage rates remain flat at 2.88%

“The net result for housing is that these low and stable rates allow consumers more time to find the homes they are looking to purchase,” Freddie Mac Chief Economist Sam Khater said.

Pending home sales up 6% from 2020 despite dwindling listings
Pending home sales up 6% from 2020 despite dwindling listings

A decline in new home listings has had little impact on the market as far as demand is concerned, according to a recent Redfin report.

Atlanta Housing Scorecard: Existing-home sales and housing inventory fell in August
Atlanta Housing Scorecard: Existing-home sales and housing inventory fell in August

Both existing-home sales and housing inventory fell during August in Atlanta. But housing starts are up.

Why the future of exurbs remains uncertain
Why the future of exurbs remains uncertain

Over the past year, outer suburbs, or exurbs, have experienced a particularly intense boom. It’s those distant areas which saw the sharpest increase in interested buyers, according to Realtor.com.

Median home sale prices increase 16% from 2020
Median home sale prices increase 16% from 2020

Even as the real estate market is showing signs of cooling and more sellers are dropping asking prices, median home prices increased by double digits from last year.

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