News / Features

NAR: High mortgage rates bring third monthly decline in pending-home sales

The National Association of REALTORS® expects existing-home sales to close 2022 15.2% lower compared to 2021, thanks to economic uncertainty and rising mortgage rates. 

Toro Development unveils plans for 43-acre Johns Creek town center project, “Medley”

The development is the first to take advantage of Johns Creek’s new TC-X mixed-use ordinance, which was enacted to facilitate the development of the city’s 192-acre Town Center Vision and Plan. 

Jeff Beal

“Find a great mentor (or two); put in the work.” — Jeff Beal, Managing Partner | Broker, The Agency North Atlanta

Bidding wars fall to lowest level since April 2020

In Atlanta, 34.9% of Redfin offers faced competition in August.

New-home sales post unexpected rebound in August

Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

RangeWater, partner purchase Avana Druid Hills, rename it The Dakota at Druid Hills

Financial terms were not disclosed, but the property last sold for $42 million in June 2019, according to Dekalb County records.

NAR partners with National Forest Foundation to plant 1.575 million trees

NAR and the National Forest Foundation (NFF) plan to plant 1.575 million new trees by the end of 2025, thanks to a $1.575 million donation from NAR. That many trees will reduce 750,000 metric tons of carbon in the atmosphere — the equivalent of 145,931 homes’ yearly electricity use.

Guaranteed Rate unveils new Spanish-language mortgage program

The mortgage lending and digital finance company Guaranteed Rate has launched an extensive Language Access Program to expand services to Spanish-speaking clients. The program uses language and cultural information to create an inclusive and informative experience for all clients, regardless of their English proficiency.

Atlanta REALTORS®: Home sales drop in August, while inventory, median price rise

New listings of homes in the Atlanta area were down on a monthly and yearly basis. 

Former PalmerHouse Properties founder, CEO joins real estate tech startup KeyPleaz

The KeyPleaz app allows busy agents to access a network of available local agents to show houses when their schedules prevent them from doing so themselves. 

Harry Norman, REALTORS® names new SVPs, managing brokers for Buckhead Northwest, Woodstock offices

Tori Hughes was named senior vice president and managing broker of the Buckhead Northwest office, while Dawn Motter was named senior vice president and managing broker of the Woodstock location. 

Two views on what the Fed’s latest interest-rate hike means for real estate

Two economists expressed concerns about the real estate industry in the wake of the Fed’s decision to raise interest rates by three-quarters of a percent. 

Real Estranger Things

Enter the Upside Down… in Fayetteville, Ga! The famous Byers home from “Stranger Things” is officially on the market.

NAR: Existing-home sales fell in August while prices rose

The median existing-home price for all housing types in August was $389,500, a 7.7% rise from the year before. 

Homeownership group opens 46-home community in East Atlanta

Highlands of Decatur will bring 46 new homes to Flat Shoals Road between Gresham Park and Panthersville. 

NAR: Charitable giving by REALTOR® associations increased 20% in 2021

The NAR’s Community Aid and Real Estate (CARE) Report shows that REALTOR® associations donated a median of $12,070 this past year, a 20% increase over 2020.

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