Even as the real estate market is showing signs of cooling and more sellers are dropping asking prices, median home prices increased by double digits from last year.

The builder expects the homes to range in size from 1,800 square feet to 2,200 square feet and be priced between $499,000 and $550,000 each.

The strategic partnership will initially target developments in six metro areas where both companies have a “significant or growing presence”: Atlanta; Austin, Texas; Boston; Denver, Orange County/San Diego, Calif.; and Seattle.

The new executive previously worked as vice president of sales at Rockhaven Homes.

The 355-unit building is a key element of the Midtown Union mixed-use development, which will also include a 26-story, 612,000-square-foot class A office tower, a 23-key Kimpton hotel and 32,000-square-feet of street-level retail.

“Be yourself. There is no one ‘right way’ to succeed.” — Kristen Mehr, Realtor, Truly Fine Homes, RE/MAX Around Atlanta, Sandy Springs 

Also during the month, the median sales price rose to $390,500 from $370,200 in June, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

“Much of the home-sales growth is still occurring in the upper-end markets, while the mid- to lower-tier areas aren’t seeing as much growth because there are still too few starter-homes available.” — NAR chief economist Lawrence Yun

In what’s been a historic, frantic market, homes selling for large sums over list prices have risen sharply since January.

Besides the Lawrenceville asset, the investor also recently purchased a 316-unit community in Melbourne, Fla., and a 45-unit development that is part of a mixed-use community in downtown Verrado in Phoenix.

You might be surprised by the results of this survey.

The larger of two land parcels the company acquired spans 652 acres and is in Atlanta’s northwest suburb of Acworth. The future community, to be called Pinehills Trails, will offer 1,302 homes

“The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline.” — First American deputy chief economist Odeta Kushi

The second phase of the community is slated for an early 2022 opening.

The acquisition marks San Francisco real estate investor Hamilton Zanze’s sixth acquisition in the Atlanta metro area,

After a Black real estate agent and his client were detained by police while viewing a house, the National Association of REALTORS® took a strong stance against the “deeply disturbing” incident of “racial profiling.”