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