Other market metrics, including sales volume, units sold and new listings also declined on a month-over-month basis. 

A developer is building a 186-apartment community where Reid’s Body Shop stood for more than 60 years. 

Home prices were up 18.3% on a year-over-year basis and 0.6% month over month. Looking ahead, CoreLogic expects year-over-year appreciation to slow to 4.3% by June 2023. 

The former executive’s dual role was split in two. 

“Contract signings to buy a home will keep tumbling down as long as mortgage rates keep climbing, as has happened this year to date.” — National Association of Realtors chief economist Lawrence Yun  

The 294-unit community is within walking distance of Sugar Hill’s new E-Center, a 150,000-square-foot mixed-use facility in the city’s central business district. 

Matching June’s historic move, the Federal Reserve announced that interest rates are rising .75%. The target range for the federal funds rate now sits between 2.25% and 2.5%.

“Housing data for May 2022 continued strong, as price gains decelerated slightly from very high levels,” Craig Lazzara, managing director at S&P DJI, said.

At the same time, the inventory of new homes for sale rose 10.7%, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.

The Monroe apartment community encompasses 217 units and is located on the Northside BeltLine and Bobby Jones Golf Club. 

The Cove at Covington Town Center, as the apartments will be called, is one component of the overall mixed-use development, which will also include townhomes, a movie theater, Publix supermarket, office space and hotels. 

The pace of new multifamily construction, however, jumped, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

DeAnn Golden replaces Dan Forsman, who was made chairman after helming the brokerage for almost 40 years. 

Housing inventory was up 30.5% year over year, while new listings were up 5.5%, according to the Atlanta REALTORS® Association. 

The acreage donated by Blue River Development will be used for a sports complex at the New Creation Christian Academy and a new fire station next to the Symphony Park master-planned community. 

At the same time, the median existing-home price rose 13.4% year over year to $416,000.