The National Association of Realtors® announced new, pro-consumer changes to its guidance for local Multiple Listing Service broker marketplaces.

The development, Continuum Alpharetta, would add 82 for-sale condominiums, 488 apartments, a 218-room boutique hotel, 77,600 square feet of commercial and retail space and 1,028,500 square feet of office space.

The properties are Grace Chamblee, a 306-unit community in Doraville, which was purchased for $47.7 million, and Retreat at Stone Mountain, a 212-unit complex, which was purchased with Admiral Capital Group affiliate AB Finance for $26.4 million.

The Park at Netherley was built in 1988, and since 2019, more than $1 million in capital improvements have been completed to increase curb appeal, upgrade interiors, improve exteriors and boost common-area amenities, the investment firm said.

Seventy-eight percent of the 183 U.S. markets monitored by the National Association of Realtors had double-digit increases in their median home prices, a decline from the second quarter, when 94% of markets saw double-digit increases.

At the same time, the median sales price of properties sold rose 20.1% to $340,000, Georgia MLS reported.

The class-A property, the Quincy, was acquired by Capital Square 1031, which sponsors Delaware statutory trust offerings for Section 1031 exchange and accredited investors, for an undisclosed amount.

The supply of affordable homes on the market rose a record 13% in the third quarter as mortgage forbearance programs ended, prompting low-cost homeowners to put their properties on the market.

If developed, the tower would be the second-tallest in Atlanta by floor count, standing below the Westin Peachtree Plaza Hotel, at 73 stories, and above SunTrust Plaza, at 60 stories.

What does the future hold for Atlanta’s agents, brokers, mortgage lenders and affiliates? Only time will tell, but these are the individuals who will lead the way, no matter the circumstances.

Atlanta’s Rodney Mason, who serves as vice president of mortgage lending with Guaranteed Rate, was named treasurer of the nonprofit, while Anita Blue, who works as an agent and credit restoration consultant at Cap Tex Realty, was named national vice president.

“Mortgage rates decreased for the first time since August, as concerns about supply-chain bottlenecks, waning consumer confidence, weaker economic growth and rising inflation pushed Treasury yields lower.” — MBA associate vice president of economic and industry forecasting Joel Kan

In terms of income, buyers tend to make more than the overall U.S. population. The national median household income in 2019 was $65,700, but the annual median household income for buyers was about $86,000.

“This will be the first time a home lender will provide an end-to-end ‘mortgage-as-a-service’ solution through Salesforce Financial Services Cloud — a platform that thousands of financial institutions already heavily rely on.” — Rocket Cos. Vice Chairman and CEO Jay Farner

Zillow announced today it’s ending its iBuyer service, Zillow Offers, and cutting roughly a quarter of its workforce, citing the volatility the service created for the online brokerage as the motivation for the move.

Millennials are purchasing houses — finally. Over the past year, millennials made up the largest share of homebuyers: 37% according to Barron’s.