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More buyers have entered the market in the past four weeks as mortgage rates fell.
The community, the 266-unit Paramont Apartments, previously sold for $26.7 million in 2018.
The U-Haul Growth Index showed Georgia was a net importer of residents based on the number of one-way truck rentals to and from the state.
The increase in builder confidence breaks a string of 12 straight monthly declines in the NAHB/Wells Fargo Housing Market Index.
The proposed project, Modera Hapeville, has been proposed by Mill Creek Residential, which already has 10 Modera-branded communities in Atlanta.
The transaction was funded by a $30.5 million acquisition and renovation loan.
The new manager has more than 20 years of experience in homebuilding, with stints at Taylor Morrison, Ryland Homes and CalAtlantic Homes.
The firm said 147,881 multifamily units are in some stage of the development process in the greater Atlanta market.
Potential buyers want real information about the communities they’re shopping in. And while agents may feel like experts, their answers must always comply with fair housing laws. To help, the National Association of REALTORS® released some advice.
The city’s relative affordability in today’s high interest-rate environment helped put it on the list.
Avondale Townhomes features 122 two- and three-bedroom residences.
Karen Hatcher served as president of the organization in 2022.
HomeServices of America President and CEO Gino Blefari took the top spot on the annual list.
The five-story tower would replace an existing bungalow on the south side of 12th Street.
The sectors were followed by manufacturing and finance and industry according to a study by the business-credit firm Capital on Tap.
“Be you. Don’t compare. It will happen!” — Nina Lauren Salim, real estate and lifestyle expert, Nina and Associates Real Estate, brokered by eXp Realty
