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

The limited inventory that has plagued the housing market continued, although at an abated pace

A recent NAHB survey shows that regulatory costs imposed by the government account for $93,870 (or 23.8%) of the current price of new homes.

Residential property equity continued to grow in the first quarter of 2021, with one in three homes considered equity rich.

While the competition was not quite as strong across Atlanta, the 64.8% rate on offers this past April was a sizeable jump from both the 44.1% rate in March and the 39.3% rate in April 2020.

Builder confidence was steady in May, carrying over April’s reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index.

RE/MAX Premier has brought in one agent, and RE/MAX Around Atlanta has hired two.

Covington Town Center, a 131-acre project currently under construction, will also include a movie theater, a Publix supermarket, commercial office space and two flagship Marriott hotels within walking distance of the residences.

Whether they’re still weary of going to a gym full of people or just looking to work off those extra pandemic pounds in privacy, homebuyers are increasingly prioritizing home exercise rooms.

Americans believe it’s a much better time to sell a home than to buy one, according to Fannie Mae’s latest survey of home purchase sentiment.

“You have to be willing to work hard and hustle.” — Chioma Akhabue, real estate consulatant/investor, Opendoor Brokerage LLC