News / Features

High-end home sales decline nationwide

In March, the luxury home market saw the largest drop in sales since 2010 with an 8.3 percent year-over-year decrease in closings, according to data gathered by Realtor.com. There were just 8,343 sales in excess of $1 million across

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Mortgage market update 6-21

Weekly loan applications decline marginally The number of applications filed for a new home loan fell from the previous week, according to the Mortgage Bankers Association, which was perhaps unsurprising considering the earlier report’s record-high levels. In the week

May home sales improve as market forces stabilize

Existing-home sales finally grew in May after two months of downbeat reports, according to the latest monthly snapshot of U.S. housing activity from the National Association of Realtors. Closed sales of previously-owned homes increased by 2.5 percent over April’s

Real estate in brief: Investors, interest rates and more

Investors claim growing share of US home sales Despite still-growing prices that have exceeded their pre-recession peaks in some markets, more single-family homes around the U.S. are being purchased by investors rather than owner-occupants. According to a report from

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This week in Atlanta real estate: new walkable communities, soaring land prices and more

New walkable apartments near SunTrust Park An innovative, walkable, $60 million, 281-unit development will soon rise next to SunTrust Park. Atlanta Business Chronicle reported that Atlanta real estate company Pollack Shores purchased over three acres from an affiliate of

NAR survey adds to bullish case for home sales

Optimism struck in the second quarter of 2019 with 73 percent of Americans saying they believe now is a good time to sell a home, an increase from 65 percent in the first quarter based on a consumer survey

Fed leaves interest rates unchanged, but is no longer ‘patient’

The Federal Reserve announced June 19 that it would not make changes to targets for its key interest rate, the federal funds rate, which influences what banks charge for consumer loans including mortgages. However, in line with some projections,

What buyers with kids are searching for

In every decision they make, parents tend to make their children their top priority. The same goes for the considerations they make when shopping for a new home. More than the life of leisure that buyers without kids may

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Housing starts take a downward turn while building permits increase

Numbers released today by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development show that housing starts unexpectedly fell during the month of May, while building permits increased. Privately-owned housing starts dropped by 0.9 percent,

Lender sentiment turns positive as low rates spur demand

The trend toward lower mortgage rates doesn’t appear to be a short-lived phenomenon, and has already boosted loan application activity to historically high levels. As a result, lending industry executives are responding with their most optimistic outlook on the

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Midtown condo market strong at high and low ends, weak in the middle

What do donuts and Midtown’s condo market have in common? A whole in the middle. That’s because the area’s seen increased demand in two main areas of the market—affordable and high-end luxury, with a gap in the price range

Dorsey Alston opening first intown office in Virginia Highland

  Dorsey Alston, Realtors will open its first intown office in Virginia Highland later this year, according to a press release reported by the company. On June 10, the brokerage closed a deal to buy a vintage home built

This week in Atlanta real estate: Midtown tower, Project Rocket and more

Plans revealed for a 26-story Midtown tower by Dallas developer On Tuesday, Street Lights Residential revealed a proposal of a design for a 26-story residential tower in Midtown, Atlanta Business Chronicle reported. The Dallas developer presented the 299-unit project

Atlanta’s new housing inventory gets a big boost

May brought more than a temperature boost to Atlanta. Atlanta Realtors announced Thursday the metro area’s housing inventory saw significant gains. New listings climbed to over 6,000, an increase of 17.2 percent year-over-year and a jump of 11.3 percent

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Guaranteed Rate opens new branch in Buckhead

Guaranteed Rate announced Thursday that it will be opening a new branch in Buckhead, naming Dean Mellon as branch manager. Mellon has over 20 years of experience in the mortgage industry. His longest stint as a loan officer was

Real estate in brief: Dreamers, blockchain and more

HUD confirms ‘Dreamers’ are ineligible for FHA loans The U.S. Department of Housing and Urban Development confirmed for the first time that undocumented immigrants given temporary residence under the Deferred Action for Childhood Arrivals policy (known as Dreamers) are

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