News / Features

MBA: Mortgage Applications Increase Dramatically

According to the new Mortgage Applications Survey from the Mortgage Bankers Association, mortgage applications increased 25.5 percent from the week prior. Refinancing activity increased by 24 percent, while purchase mortgages rose by 27 percent. Refinancing comprised 57.4 percent of all mortgage

Does Atlanta’s Surging Rental Market Spell Bad Things for Homeownership?

The rental market in Atlanta has been red-hot for some time now, but what does that mean for homeownership? The average rent in Atlanta’s housing market is $885, and the area’s rental growth is faster than most other major metro areas. Those were the

Egypt Meets Chicago Suburb

One man turned his dream into a reality in 1977, building a pyramid shaped home in Wadsworth, Ill. The property, known as The Gold Pyramid, is built on a concrete island, surrounded by a moat and guarded by multiple sculptures, including

China’s Economic Strife May Be America’s Gain Says AREAA Chair

China is currently steeped in economic turmoil, and its tumbling stock prices and overinflated real estate market have industry professionals asking the question: How will this affect the U.S. real estate market? The answer has major implications for agents, brokerages

CoreLogic: Atlanta Feels Home Price Bump

Sales continued their strong march forward in August, as CoreLogic reported both year-over-year and month-to-month increases. While the extent of home price gains varied often and sometimes greatly from metro to metro in August, the national direction has remained

Mandarin Speaking Buyers Lead in Paying Cash

According to RealtyTrac and Ethnic Technologies, the share of Mandarin Chinese-speaking buyers paying in cash has increased to 46 percent in 2015, a 229 percent increase from 2005. This increase puts Mandarin Chinese in the lead in terms of cash sale market share

One of Atlanta’s Oldest Homes Set for Demolition

One of Atlanta’s oldest homes, built in 1858, is slated to be demolished; in its place, local developer Parkwood will construct a custom 4,517 square foot residence. The narrow white building at 1385 Middlesex is believed to have been

Atlanta Receives $30 Million Grant from HUD

Atlanta will receive $30 million from the U.S. Department of Housing and Urban Development’s (HUD) Choice Neighborhoods Implementation Grant. The grant will allow for the restoration of west Atlanta, Vine City, Ashview Heights and the Atlanta University Center neighborhood. Mayor Kasim Reed

The Providence Group of Georgia on Top Homebuilders List

The Providence Group of Georgia, LLC was named the No. 7 largest homebuilder on the Atlanta Business Chronicle‘s Top 20 Homebuilders List. “We are excited that we have been recognized again on the Atlanta Business Chronicle’s Top 20 Homebuilders List,” said

Are Metro Atlanta Wages Keeping Pace with Home Prices?

Nationwide, wage growth has lagged behind home prices; is that still true here in Atlanta? Back in April, we reported some unsettling news – per analysis by RealtyTrac, wage growth in the Atlanta area in 2013 and 2014 lagged far behind home

CoreLogic: Atlanta Cash Sales Now “Normal”

CoreLogic released June cash sales data this week, which showed that cash continues to trickle out of the market. Nationally, cash sales made up 31.3 percent of total home sales in June, down from 33.9 percent the same time

Boehner Announces Departure, Housing Industry Doesn’t Notice

As the era of House Speaker John Boehner (R-Ohio, 8th) comes to a close, we’re looking back on the legacy of the chamber’s 61st speaker and the Ohio native’s history with housing policy. As minority leader in April 2008, when the

The Buckingham Home to Royalty

Many wealth public figures own property in Chicago, and Queen Elizabeth is now amongst them. The Queen recently purchased a three bedroom, three bathroom condo in The Buckingham for $1.575 million with the help of real estate agent Steve

Baby Boomers are Forming the Most Households

Despite more Millennials entering the market, baby boomers still lead Baby boomers made up the majority of new households formed in the beginning of 2015, according to a report released by the National Association of Realtors. The report, which

3 Important Facts About Eco-Conscious Homebuyers

Green construction is growing faster than conventional construction. It currently provides 2.3 million jobs and $55 million in residential construction spending, which is expected to grow by $45 million by 2018. The homebuyers driving that growth are becoming increasingly eco-conscious, and the National Association of

Atlanta Home Prices Post Strong Gains

Did the latest Case-Shiller present more of the same for housing? Home prices in the Atlanta area were up 0.8 percent from June to July and 5.8 percent from July 2014, according to the latest Case-Shiller Home Price Index from Standard &

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