According to local tax records, the communities were purchased for about $133 million in 2018. 

“Builders are responding to higher mortgage rates and are chasing rising rents, with fewer homebuyers and more renters being forced to renew their leases.” — NAR Chief Economist Lawrence Yun 

“Find a good mentor and brokerage that fits your vibe.” — Josh Moss, real estate advisor, Engel & Völkers Atlanta

The release of the monthly survey from the National Association of Home Builders comes as the Biden Administration unveiled a housing-supply action plan that aims to boost the supply of affordable apartments and new homes. 

The new hire, Blake Irving, will help train the firm’s more than 1,500 associates, emphasizing technology, engagement and innovation. 

The 55-plus rental community is budgeted at $35 million and is backed by Grammy award-winning Christian musician Lecrae Moore. 

The rate of Hispanic homeownership is steadily increasing, new data from The National Association of Hispanic Real Estate Professionals shows. With 8.8 million Hispanic-owned households, more than 48% of Latinos now own homes, reflecting a continual rise since 2014.

Financial terms of the transaction were not disclosed, but Gwinnett County records show that the asset was last purchased for $101 million on April 26 

Managing broker and sales manager Ennis Antoine received the Meritorious Service Award because of the legislative and regulatory work he did for the National Association of REALTORS® as a Federal Political Coordinator. 

Zillow 3D Home tours, which offer interactive, 360-degree views of listings, will now appear on Redfin automatically — with no additional steps required from agents.

The Sonesta Extended Stay Suites was purchased as part of a nine-property portfolio of hotels slated for conversion by a Utah developer. 

Realogy Holdings Corp. is officially rebranding as Anywhere Real Estate Inc. According to a press release, the company expects to implement the rebrand by end of second quarter 2022.

When a quaint home in Conestoga, Pennsylvania, hit the market recently, the listing went viral. Illustrated in the style of Vincent van Gogh’s “Starry Night,” the walls are colored with vibrant, swirling hues.

In her new role, Sloane Morris will recruit and train advisors at the two brokerages and work to further develop partnerships with local homebuilders. 

Despite a slow start to the spring homebuying season, prospective buyers are showing some resiliency in the face of higher mortgage rates, as seen by two weeks in a row of increasing loan applications. 

“Never take yourself too seriously, and keep a sense of humor.” — Sarah Chatel, Rainmaker and CEO, Chatel Group, Keller Williams Realty Atlanta Midtown