A shortage of existing-home inventory is driving more people to the market for newly built homes. 

The new manager previously worked for Rockhaven Homes. 

The master-planned communities will bring almost 400 new homes to Duluth, Johns Creek and Cumming. 

Homebuilders expressed “cautious optimism” that the lack of existing inventory would drive demand for new homes despite high construction costs and interest rates, the National Association of Home Builders reported.    

“Latinos are more mortgage ready. Latinos have made strides in income and are more educated in the homebuying process,” said Nidia Fromenta Peguero of Century 21 North East in Danvers, Massachusetts. “They don’t want to rent anymore.”

Texas, Florida and Ohio took the top three spots, respectively, in the ranking by small business lender Lendio. 

The firm named its No. 1 individual agents, small teams, large teams and rookie of the year. 

The recipient, Molly McGrory, purchased the Canton-based franchise in 2005. 

The 284-unit property represents the Atlanta firm’s largest investment since it was founded in 2013. 

The seller made more than $500,000 of exterior improvements to the property, Lexington Park. 

The Mortgage Bankers Association noted the increase in borrowing activity came despite the 30-year fixed mortgage rate climbing to its highest level since November 2022. 

The new executive joins the homebuilder from South Dakota. 

Vice President of Association Affairs Jennifer Wauhob brings over a decade of experience to her new role with NAR.

As rising mortgage rates cool the market, the share of U.S. homes worth at least $1 million has fallen from an all-time high last year.

The luxury apartment community is part of the new Publix-anchored Sam’s Crossing Village on North Arcadia Avenue. 

“Try everything, what works for someone else might not work for you.” — Tony Tran, Realtor, Atlanta Communities Real Estate Brokerage – Brookhaven