September is the fourth month in a row to see declining sales activity. 

A 30-year fixed-rate mortgage rose to 7.08% this week from 6.94% a week ago, Freddie Mac reported. A year ago, the average mortgage carried a 3.14% rate. 

The awards from the Greater Atlanta Home Builders Association cover all aspects of the building process, from master-planned community to best online ad. 

Mortgage rates continued to weigh on homebuyers in September, following a brief uptick in new-home sales in August.  

At the same time, mortgage applications declined 1.7% on a seasonally adjusted basis on a week-over-week basis, according to the Mortgage Bankers Association. 

The city’s plans for the 41-story skyscraper, which it is buying from the state for $39 million, include the creation of “dedicated and deeply affordable housing.” 

In Atlanta, home prices posted a 20.1% year-over-year gain in August, compared to a 22.8% gain in July. Month over month, prices fell 0.4%.

The complex is part of a larger master-planned community, which will include single-family homes and restaurant and retail space. 

The Atlanta developer’s exclusivity agreement calls for up to six Crystal Lagoons destination water parks within a 100-mile radius of Atlanta. 

The only other time the market saw such change was at the beginning of the pandemic. 

Month over month in September, existing-home sales slid 1.5% to 4.71 million, which is 23.8% lower than the year before. 

Since 2015, Chevy Chase, Maryland-based FCP has acquired 33 Atlanta-area communities. 

Related Development has proposed a mixed-use project that would take advantage of Children’s Healthcare of Atlanta’s nearby billion-dollar expansion. 

New home construction missed analyst estimates in September, falling 8.1% month over month to an annual rate 1,439,000 homes, according to government statistics. 

Atlanta homebuilder Paran Homes is developing the community in a joint venture with Los Angeles-based real estate investor PCCP LLC. 

The acquisition increases RE/MAX Around Atlanta’s agent count to 150.