Special questions added to the National Association of Home Builders’ monthly builder survey found 90% or more of respondents had experienced shortages of plywood, oriented strand board, framing lumber and appliances, with most other materials also hard to come by. 

Year over year, however, pending home sales were up 57.1%, the NAR said, citing its monthly Pending Home Sales Index.

All open-concept designs will offer three bedrooms, two-and-a-half baths and two-car garages. They will range in size from 1,671 square feet to 2,090 and be priced from the mid-$300,000s.

The amenity-rich community offers one-, two- and three-bedroom apartments, and one-bedroom rents start at $1,147, while two-bedrooms start at $1,504.

First-time homebuyers found their long-term plans changed due to COVID.

Ava uses Roof AI-powered technology to detect customer intent and provide 24/7 support, with the objective of using Ava conversations to create real home-buying opportunities.

“Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices.” — MBA Associate Vice President of Economic and Industry Forecasting Joel Kan

“Keep going. You’ll have so many emotions, but keep GOING!” — April Davis, Realtor, Keller Williams Cityside – Smyrna

The median sales price of new homes sold in April was $372,400, up from $334,200 in March and $310,100 a year ago. 

Nationwide, the seasonally adjusted housing index rose 2% month over month in February and 13.2% year over year, up from a monthly increase of 1.2% in February. 

Housing records continue to be broken, but despite the strong numbers, data could indicate homebuyer demand is reaching a peak.

Higher income, backed up by lower mortgage rates, has expanded the reach of the average homebuyer, but an increased demand for homes has concurrently driven up prices, negating two of the three main factors in First American Financial Corp.’s Real House Price Index.  

The short supply continued to drive increases in the price of homes, with the median existing-home price for all housing types rising 19.1% year over year to $341,600.

From pizza to pre-approvals, here are some of the tools Atlanta-area real estate agents are using to help their clients land their dream homes. 

Red Barn Alpharetta founding partner and broker/owner Bekki Shae Smith will join the LOCAL Realty team and oversee the new Alpharetta location as the new broker/partner at LOCAL Realty North Atlanta.

“Real estate is pure adrenaline. Be strong and courageous.” — Nivia De Oliveira, agent, Virtual Properties Realty