The Current Landscape of Mortgage Rates According to Freddie Mac's Survey In a recent development in the real estate finance sector, mortgage rates have shown stabilization, consistently remaining in the 6% range. This trend, highlighted in Freddie Mac's latest Primary Mortgage Market Survey® (PMMS®), is a key indicator of the current state of the housing market. As of January 11, 2024,[...]
The landscape of the Atlanta homebuilding industry may soon experience a notable shift, as Smith Douglas Homes Corp., one of the fastest-growing private homebuilders in the nation, announced the launch of the initial public offering today (January 8, 2024) of 7,692,308 shares of its Class A common stock. The initial public offering price is currently expected to be between $18.00[...]
MarketNsight’s MarketWatch MarketNsight presents the current state of the Atlanta housing market and predictions for 2024 WHAT: From interest rates nearing 8% to resale inventory at a record low, there is an opening for new construction to fill the massive inventory gap. Find out more at MarketNsight’s MarketWatch on Thursday, December 14, 2023. John Hunt with MarketNsight and Dr. Rajeev Dhawan with the[...]
A recent Fortune article reports that Warren Buffet just made a big bet on the U.S. housing market, and from Blue River Development's perspective, it is easy to see why. The recent investment by Warren Buffett's Berkshire Hathaway in three leading U.S. homebuilders – D.R. Horton, Lennar and NVR – signals strong confidence in the U.S. housing market. The investments, worth[...]
What are mortgage interest rates going to do in the last quarter of the year? Chief Marketing Officer John Ryan with Georgia MLS joins the Atlanta Real Estate Forum Radio podcast to discuss the current trends within the Georgia housing market. Ryan sits down with host Carol Morgan to share his predictions for the remainder of the year on the All About Real[...]
Director of Research and Communications Katie Fidler with St. Bourke joins the Atlanta Real Estate Forum Radio podcast to share a glimpse into the Atlanta housing market. Fidler sits down with host Carol Morgan to discuss lot shortages, development updates and her predictions for the remainder of the year on the All About Real Estate segment. Living in the Atlanta area for most of her[...]
America’s owner-occupied housing stock is rapidly aging. According to the 2021 American Community Survey, the median age of owner-occupied homes is 40 years with 35% of owner-occupied housing being built in 1969 or earlier. Due to several factors, such as population changes, the age of owner-occupied housing stock varies from state to state. While Georgia is below the national median age with[...]
What's hot and what's not? Based on the popularity of our Top 25 Atlanta Home Builders rankings, we decided to release the Top 20 Atlanta New Home Communities as ranked by MarketNsight. Atlanta new home communities included in the list are ranked by the number of homes closed in 2022 in the metro Atlanta real estate market. This list combines[...]
Affordability challenges, low inventory, Gwinnett remains HOT! St. Bourke, an Atlanta-based asset management and property development company, offers a Q3 Atlanta housing market overview and a peek at what could lie ahead in 2023. “The St. Bourke team certainly leans towards a ‘glass half full’ mentality when considering Atlanta’s housing market and the broader economy. We are undoubtedly feeling the punch of[...]
Build-to-Rent (BTR) continues to make headlines. NIMBYs (Not in My Backyard) hate it. Investors and renters love it. But why the trend, and what's driving it? St. Bourke, an Atlanta-based asset management and property development company, takes a deeper dive into the driving force behind single-family BTR. Is it Wall Street or Main Street? Build-to-Rent single-family homes is a trend that[...]