Bright Spot: New home pending sales are up 48% year over year since February MarketNsight, a leading real estate data and analysis provider, reports that pending sales in July were down 18% year to year – showing no significant change from the 19% decrease revealed in its January 2023 update. Unless interest rates drop significantly in the next few months, pending[...]
MarketNsight Offers Housing Forecast at MarketWatch Atlanta MarketNsight, a leading provider of real estate data and analysis, recently hosted its biannual MarketWatch Atlanta event via Zoom, releasing data on the state of the Atlanta new home industry. According to John Hunt, Principal and Chief Analyst at MarketNsight, the housing shortage in Atlanta (especially related to entry-level housing) and elsewhere throughout the[...]
Flashback to February 2013 when Atlanta Real Estate Forum ran this headline: Is Atlanta Running Out of Houses? Times were different, yet there were so many similarities. Home inventory in Atlanta was getting depleted quickly, and it is once again now 10 years later! In February 2013, when this article was originally published, you’ll notice the months supply of homes for[...]
Homes below $300,000 are almost nonexistent “The housing shortage will get worse over the next year,” MarketNsight Chief Analyst John Hunt said at MarketWatch Atlanta. To get back to normal, Atlanta needs 66,000 additional homes on the market over the next 12 months. “We simply don’t have enough supply,” Hunt said. Before the Great Recession, housing starts and population growth tracked together,[...]
In 2018, MarketNsight was one of the first in the nation to sound the alarm on the effects of rising interest rates on housing; rates increased from 4% in January to 4.8% by October of that year. At the same time, new pending sales started dropping and went negative as rates peaked in October of that year. New pending sales[...]
The housing market continues to show improvement not only in Atlanta but across the country. While record-low national housing inventory remains, the number of foreclosures reported across continues to decrease. ATTOM recently released the 2021 Year-End U.S. Foreclosure Market Report, detailing scheduled actions, default notices and bank repossessions recorded in the past year. Licensor of the nation’s top comprehensive data and[...]
State of Atlanta Housing Market with FMLS FMLS President Jeremy Crawford joins the Atlanta Real Estate Forum Radio podcast to discuss the current state of the Atlanta housing market and the company's pioneering virtual services. Crawford joins hosts Carol Morgan and Todd Schnick for the All About Real Estate segment. A premier Atlanta multiple listing service (MLS), FMLS has over 56,000 brokers and agents[...]
Take advantage of Atlanta’s booming real estate market by first understanding how to navigate it. The confusing lingo, statistics and sometimes ominous forecasts often leave potential homebuyers thinking they are unable to benefit in the current market. Words to know Real estate market: Another word for the housing market, the real estate market represents the market of active properties buyers or[...]
MarketNsight reports June new Atlanta pending home sales continue to exceed 2019 sales, even as COVID-19 (coronavirus) Georgia cases continue to increase. According to MarketNsight and ViaSearch President John Hunt, week three of June 2020 was up 31% year-to-year with a lag and will be up 43% year to year when the lag is accounted for. The first three weeks of[...]
MarketNsight recently announced new pending home sales in the Atlanta market are up 31% for May 2020 versus May the year before. In fact, new pending home sales went positive year-to-year in the fourth week of April and have continued to improve. For January through May 2020, pending sales are up 6% over the same time period the year before. “New[...]