News / Features

Atlanta is one of the best cities for black homeownership, study finds

Nearly 50 years after the passing of the Fair Housing Act, minority households still have lower ownership rates and higher rent burdens than white households, a recent study by Trulia found. But progress made in some cities is helping

First-time homebuyers make up nearly one-third of February sales

  First-time homebuyers accounted for 32 percent of all residential sales in February 2017, marking minimal change from January 2017 (33 percent) and February of last year (30 percent), according to the National Association of Realtors. Nationally, demand has

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The average Atlanta home sells for less than its original asking price, study says

Existing housing inventory has reached historic lows, making the housing market very favorable to sellers. But that doesn’t always mean that sellers get what they’re asking for, according to a study by the National Association of Realtors (NAR). Nationwide,

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Education levels impact post-recession homeownership for Millennials, study shows

For Millennials seeking to become homeowners, level of education may be more of a determining factor than any other socioeconomic indicator, according to a newly published white paper. The study by Fannie Mae comes as the industry seeks to

New home contracts are nearing decade highs

Pending home sales made an unexpected jump in February, leading contract signings to their second highest mark since 2006, according to the National Association of Realtors. NAR’s pending home sales index showed a 5.5 percent jump in homes under contract,

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New construction spending lags in start of 2017, study says

In February, nonresidential construction spending soared, while the residential market has experienced declines in spending, according to the latest report from Dodge Data and Analytics. Nearly a four-fold increase was seen in spending for non-residential buildings, with $237 million spent in February 2016

Demand for 55-plus communities takes off

Toning it down after retirement is becoming a thing of the past. Many over the age of 55 are looking to downsize in scale and upsize the fun. Communities exclusively serving that age group are growing in popularity, according to reports. These

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Home prices continue to rise, hit 31-month peak in January

Home prices continued to increase into the new year, making January the fifth straight month of record-high home prices, according to new S&P CoreLogic Case-Shiller Indices, which measure U.S. home prices. The latest version of the indices, generated by S&P

HOA fees are on the rise

  Condo shoppers have more to contend with than just rising home prices. According to a new report from Trulia, homeowners association (HOA) fees are on the rise across the nation. The U.S. has seen a rise in homeowners association

Freddie Mac to offer automated assessments for borrowers without credit

Freddie Mac will offer automated assessments for borrowers who do not have credit scores, saving time for lenders and expanding its lending service to more prospective customers, according to multiple media reports. Starting in June, borrowers without credit scores

February produces surge in home sales and prices

Across-the-board rises in new home sales, average sales price and inventory were reported in February, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Home sales in February totaled

Build more homes to combat rising inflation, housing prices, economist says

  The historic, nationwide housing inventory shortage could be cured by more new-home construction, real estate economist Lawrence Yun said, but barriers exist before construction can ramp up. Raising interest rates could dampen homebuying activity, with 53 percent of

ARA: Monthly market brief shows improvements in inventory

  Atlanta REALTORS® released its February 2017 Market Brief last week, looking directly at stats for single-family homes in 11 Metro Atlanta counties. Despite a decline in home sales since February 2016, median and average sales prices have risen along with supply.

Appraisers cite lack of pay, glut of regulations as reasons for leaving

  Faced with dwindling numbers of appraisers nationwide, the home evaluation industry is speaking out against regulations and industry practices they say are hurting them during a boom time in housing sales. A shortage in appraisers is accepted as fact by

New developments underway in Metro Atlanta

There are four new residential developments coming to Metro Atlanta, according to the Atlanta Business Chronicle. The communities vary in housing stock, from traditional single-family homes to townhomes, with prices starting at $220,000. We’ve provided more details below: Parkview

More young unmarried couples buying homes together

Millennials value individuality and often defy tradition. But according to a recent analysis from Zillow, the full picture of the American dream has not been lost on Millennials – owning a home still remains one of the largest milestones in adulthood, though

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