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Boston and Raleigh had the highest bidding-war rates, as the rate fell to a 2021 low.
The Southern Post project, budgeted at $110 million, will bring 128 luxury apartments, nine townhomes, 95,000 square feet of creative-loft office space and 40,000 square feet of retail to downtown Roswell.
The four-story, class-A property includes 7,000 square feet of retail space and was built in 2020.
“Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity.” — NAR chief economist Lawrence Yun
The iconic home from “A Nightmare on Elm Street” is prime Hollywood real estate. And it’s currently for sale.
Home-price gains were once again broadly distributed, as all 20 cities in the S&P CoreLogic Case-Shiller Home Price Index rose, although in most cases at a slower rate than a month ago.
It’s been a more than a year and a half of technological innovation in real estate in response to the COVID-19 pandemic, and the Federal Housing Finance Agency has decided to make one tool — desktop appraisals — permanent.
At the same time, the increase in interest rates drove fewer borrowers to refinance their loans, according to the Mortgage Bankers Association.
The month also saw a slight shift in inventory, even though shortages continued.
Pet ownership increased dramatically during the pandemic. 73% of homeowners report at least one pet in the home.
“There simply aren’t enough homes for sale relative to the demand fueled by millennials armed with low mortgage rate-driven house-buying power.” — First American Deputy Chief Economist Odeta Kushi
1000 Spring will include 370 residences and 11,000 square feet of retail. Other components of the larger plan include a 525,000-square-foot class-A office building and the historic H.M. Patterson & Son Spring Hill Chapel, which will become a new food-and-beverage-focused venue.
The annual awards, presented by the Greater Atlanta Home Builders Association, cover all aspects of the building process, from master-planned communities to online banner or box ads.
Year over year, sales were down 10.1%, while the median sales price was up 15.8%, Atlanta REALTORS Association reported.
The median existing-home price for all housing types in September was $352,800, up 13.3% on an annual basis, as every region in the country registered price increases.
Atlanta wasn’t the only Georgia community on the 2021 list. Savannah also made the rankings.
