News / Features

Sales speed, competition hit record highs in May

Last month’s buyers faced one of the most competitive markets to date, according to Redfin’s May 2017 housing market report. As homes flew off the market and supply continued to decrease, speed of home sales and buyer competition hit

Atlanta saw a rise in home prices, competition in May, study says

Atlanta’s housing market followed the nationwide trend of higher prices and increased competition last month, according to the Atlanta REALTORS May 2017 Market Brief. Residential sales saw a modest year-over-year increase to 5,860, which is .01 percent higher than

Nationwide, 4.6 million new apartments needed by 2030 to keep up with demand

Apartment demand is already tight in many cities across the country, and without an increase of inventory, it may become more difficult to find affordable market-based housing options. A new study from the Hoyt Advisory Services and commissioned by

The 10 issues impacting agents the most this year, according to CRE

Real estate agents are concerned that political uncertainty and the disruptive nature of new technology will affect their business this year, according to the Counselors of Real Estate (CRE). CRE unveiled its 2017-2018 Top Ten Issues Affect Real Estate

Fannie Mae raises debt-to-income level to benefit more potential borrowers

Fannie Mae has made home purchasing easier for a number of people – including Millennials – by raising its debt-to-income (DTI) threshold. According to the Washington Post, Fannie Mae’s DTI ceiling will be raised from 45 percent to 50 percent

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The McMansion is falling out of favor with homebuyers

As millennials increasingly warm to the idea of homeownership and Baby Boomers begin thinking about selling their homes, one wrinkle in the homebuying cycle has appeared: no one wants to buy McMansions. What is now a staple of suburban

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Fulton County residents see major property tax increases

Fulton County residents were recently shocked to find substantially higher property tax bills this year. According to the Atlanta Journal-Constitution, some homeowners saw their taxes increase as much as 50 percent compared to 2016. In May, the Journal-Constitution reported

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Mortgage delinquencies hit 10 year low

The number of people who are late or behind on their mortgage is at the lowest rate in 10 years. According to CoreLogic’s monthly Loan Performance Insights Report released Tuesday, 4.4 percent of mortgages nationwide were delinquent, compared with 5.2

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Here’s how long it takes Atlanta homeowners to break even on their purchase

Now more than ever, residents of large American cities face a conundrum when deciding whether to rent or buy. Renting is increasingly popular in major markets as housing prices in these desirable areas keep creeping up. Now, Zillow has

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Atlanta is the third hottest market for new home construction

The increases in Atlanta’s population has caused more new home construction in the city. Builder magazine ranked the top 50 hottest new home markets in the country and Atlanta came in at No. 3, behind Dallas and Houston. Officials are

5 reasons for a declining homeownership rate

Rosen Consulting Group (RCG) partnered with the National Association of Realtors and found five reasons for the United States’ declining homeownership rate, according to research released recently. RCG found post-foreclosure stress disorder, mortgage availability, student loan debt, single-family housing

Consumers believe it is a sellers market, survey says

Fannie Mae’s Home Purchase Sentiment Index (HPSI) saw a slight drop of .05 percentage points to 86.2, according to the National Housing Survey report for May 2017. This drop is due to decreases in three categories being larger on-net

How Atlanta’s transit expansion investment could best impact city

Atlanta’s public transportation has needed support for a number of years. And with the MARTA system seeing a significant increase in both usage and strain in 2017 after the I-85 shutdown, the 2016 referendum that allowed a half-cent sales

Home prices forecasted to continue rising through next year

Home prices continue to rise on both a year-over-year and monthly basis, and will continue to do so through the next year, according to CoreLogic’s latest report. CoreLogic’s April Home Price Index (HPI) found that home prices have increased

Zillow’s “Instant Offers” disrupts real estate community

A newly launched Zillow feature called “Instant Offers” is causing concern with some agents who worry the company is pushing them out of the homeselling equation. Instant Offers is a completely online approach to selling homes that has launched

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Atlanta is one of the best cities for a ‘staycation’

For people with a low vacation budget or just looking to save some money, a staycation can be a great way to give yourself a break without spending money a big, lavish trip. However, some places are better than

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