National News

Georgia home price growth exceeds 20% in May, deceleration on the horizon

Prices for single-family homes in Georgia increased by 23.8% year over year in May, marking the seventh-highest home price growth in the nation.

Atlanta Housing Scorecard: Housing starts, existing-home sales on the decline

Housing inventory was also falling in the most recent Housing Scorecard.

10 markets where buyers retain an edge

Realor.com has compiled a list of the 10 markets where homes are lingering the longest — giving buyers a rare edge.

Housing inventory rebounds at record rate in largest metros, and Atlanta is on trend, Realtor.com reports

The number of homes available to buyers climbed 18.7% in June, the sharpest year-over-year increase in the history of the report.

Atlanta among cities with strongest price growth, according to new S&P CoreLogic Case-Shiller Index

What does the latest S&P CoreLogic Case-Shiller Index reveal about Atlanta real estate?

Pending-home sales post surprise increase in May 

The increase ends a six-month string of monthly declines, the National Association of REALTORS® said.

Surprise surge in new-home sales in May as median price falls 

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.  

Median existing-home price tops $400,000 for first time in May 

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 No. 1 nationally for iBuyer-service home sales

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.

Atlanta median sales price hits $400,000 for first time in RE/MAX survey

Home prices rose 3.9% month over month and 23.1% year over year to hit that milestone, RE/MAX said.

Housing starts plunge in May amid uncertain economic conditions 

New-home completions rose during the month, however, with the increased inventory representing a rare bright spot in an otherwise gloomy government report. 

The Fed hikes interest rates 0.75% — what it means for real estate

The Federal Reserve raised interest rates by .75% today: the sharpest increase since 1994. How will that affect real estate?

Compass and Redfin announce layoffs

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.

Is the ‘lumber bubble’ finally bursting?

Lumber prices, once emblematic of widespread supply-chain woes, are finally beginning to fall. How will this affect the housing market?

Ranking every state by its most expensive home listing. Where does Georgia land on the list?

It is a fun reminder that location is everything, and every state has amazing ultra-luxury properties for the right price.

Harry Norman, REALTORS® to represent Atlanta real estate sector at Belgian trade-delegation visit 

The Belgian Economic Mission, led by Princess Astrid, is visiting Atlanta, Boston and New York next week. 

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