The property, The Life at West Cobb Apartments, is located at 2665 Favor Road and is a 90% low-income-housing tax-credit community.

On a year-over-year basis, new-home mortgage applications were down 5.9% in May, the Mortgage Bankers Association reported, citing its Builder Application Survey.

Inventory levels rebounded last month, finally showing signs of recovery following a year of historical declines.

The typical increase in home sales as summer approaches failed to materialize nationwide last month, with average sales dropping 0.2% from April to May, but month-over-month sales in Atlanta dipped even further, declining 0.8%, according to the RE/MAX May National Housing Report.

Single-family housing starts were up 4.2% from April and 49.8% from May 2020, at 1,098,000, according to the U.S. Census Bureau and Department of Housing and Urban Development.

While pending sales are up 29% year over year, they are starting to slow and have fallen 9.7% from their peak.

“Don’t be afraid to go outside the box.” — Kamron Engler, Realtor, The Engler Group of RE/MAX Town & Country

Increasing costs and the declining availability of key building materials dampened builder sentiment, as higher costs have pushed some new homes beyond the budget of prospective buyers. 

Meghann Brackett, who specializes in luxury properties in Georgia’s northeast mountain region, was also named top agent for the state and the #1 Individual Agent for total gross commission income in Georgia during the quarter.

The rise in equity could help stave off foreclosures because homeowners can tap into that equity and sell their home, unlike during the 2008 financial crisis when many homeowners found themselves underwater in their mortgage, according to CoreLogic.

The residential portion will be known as the Abbington at Ormewood Park, while the commercial component will be called The Lodge in honor of the historic Masonic Lodge that will be the centerpiece of the development.

Experts at Builder Magazine recently came out with their Local Leaders list for 2020, which ranks the country’s 50 largest new-home markets based on closings by the end of the year.

Unassuming on the outside, but a world of wonder inside — a walk through this $325,000 home in downtown St. Louis is an adventure in and of itself.

Expert panelists from Zillow’s Home Price Expectations Survey say if changes aren’t made, new construction growth will stall, home prices will continue to increase, and less of today’s 30-somethings will have the ability to own a home.

The Worthing Cos. transferred its property-management division to RAM Partners, which will provide lease-up services on all Worthing-sponsored developments.

Rising property values had homeowners cashing out of their existing residences to buy bigger homes in less-expensive areas last year.