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“It is hard to predict trends during an election year alongside a pandemic, but we expect to continue to see strong activity through the year’s end and into 2021,” said Kristen Jones, Broker/Owner, RE/MAX Around Atlanta.
Ready to take your quarantine game to the next level? How about buying your own island?
Homesellers continued to sell homes to each other in September, making the market resemble a game of ‘housing musical chairs,’ according to First American chief economist Mark Fleming.
“If sky-high prices continue to lure more sellers into the market, it could prompt the inventory rebound we’ve been waiting for — which would be welcome news for frustrated buyers.” — Javier Vivas, director of economic research for realtor.com
Lee, who most recently served as chief housing officer at Atlanta Housing, will continue her work as the city’s chief housing officer under mayor Keisha Lance Bottoms.
Economic recovery slumps as initial jobless claims unexpectedly jump.
“Increasing house price appreciation in suburban zip codes points to higher demand relative to supply in the suburbs but does not necessarily indicate what’s fueling the demand,” the study notes.
Redfin looked at the number of prospective homebuyers searching in the second quarter who wanted to change counties. Home search data revealed that 6.5% fewer people were looking for homes in blue (Democratic) counties than in swing or red (Republican) counties.
The listing has made headlines because of the 9-cell, fully functional jail attached to the rear of the structure.
The suburbs are becoming more alluring to residents of major cities as the COVID-19 pandemic continues into autumn.
See how Atlanta compares to other cities when it comes to apartment conversions.
This 5-bedroom, 3-bath home is marketed by Coldwell Banker Realty as a “retreat from the chaos of city living” and a “chance to own a piece of American history.”
This year, buyers encountered a 21% decrease in listings from the beginning of 2020, along with a 17% price increase to about $20,000 more than anticipated.
The U.S. economy has recovered approximately half of the 22 million jobs lost during the height of the pandemic, according to the Labor Department.
It was a hard-fought effort to procure federal funds in the middle of a recession, but NAR announced that the president is poised to sign a bill that provides money for road projects and flooding.
“Based on the rising popularity of the burbs, some buyers might think they can catch a break by searching in the city, but unfortunately that’s not the case,” realtor.com Chief Economist Danielle Hale said.
