ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), recently released a report focusing on the housing level in several counties in the United States. According to the report, the housing market in some counties are more or less likely to be impacted by COVID-19, more commonly known as coronavirus. The[...]
COVID-19, more commonly known as coronavirus, first appeared in China towards the end of 2019. Since its outbreak, the virus has spread throughout China and worldwide. Today, known cases climb towards 200,000 and health concerns regarding those living in the affected areas are on the rise. The extreme concerns have resulted in several cities and countries down for an extended[...]
Dr. Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s Robinson College of Business recently shared his insights regarding the impact of COVID-19, more commonly known as coronavirus, on the 2020 Economic Forecast. While several factors currently impact the real estate market such as a sharp drop in oil prices to the pullback of the presidential election, Dhawan[...]
Keeping with its trend to be ahead of the curve and set accurate benchmarks that are used nationally, MarketNsight released May numbers for Atlanta and the Southeast at MarketWatch Atlanta. Total pending sales went negative year over year in April but improved in May, and Atlanta was only down 2%. Most shockingly, home closings at $300,000 and above are up 25%[...]
The typical U.S. condo sold for a record $319,000 in February with condo prices increasing nationwide, according to a new report from Redfin (https://www.redfin.com/), the technology-powered real estate brokerage. That’s up 14.6% from a year earlier and 22.7% from two years earlier, just before the pandemic began. Condos are in demand partly because they’re a comparatively affordable option amid skyrocketing home prices[...]
Earlier this year, ATTOM released its fourth-quarter 2021 U.S. Home Equity & Underwater Report. The release revealed that 41.9 percent of mortgaged residential properties were considered equity-rich in the fourth quarter. The combined estimated amount of loan balances secured by the surveyed properties was no more than 50 percent of their estimated market values. Out of the homes surveyed in the fourth quarter[...]
Forecaster Says Return to Normalcy in 2022 Also Means Return of Pre-Pandemic Economic Concerns Economic optimism about emerging from the pandemic’s shadow is progressing in a two-steps-forward, one-step-back manner, according to Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business. “Case in point: 2021 was a tale of two halves. The U.S. economy grew[...]
A new year means new homebuying opportunities, but with mortgage rates rising, what does this mean for 2022 homebuyers? According to Redfin, there will be a significant drop in affordable housing in the cities of Atlanta, Austin and Phoenix. The housing boom created in the wake of Coronavirus caused home prices to skyrocket and housing inventories to dramatically decrease. The Federal Reserve[...]
In a recent report, ATTOM revealed more Americans are opting for homeownership in place of leasing due to skyrocketing rental prices. In the 2022 Rental Affordability Report, the nation’s premier property database showed a median-priced home is more affordable than renting in 58% of the counties analyzed despite rising home prices. The building industry and homebuyers continue to experience a unique[...]
Remote work took over the professional sphere in 2020 after the initial wave of the pandemic. According to The Atlantic, about 35 percent of Americans transitioned to remote work to stall the spread of Coronavirus. There is no doubt that working from home provided more flexibility for professional workers. However, without a functional workspace, productivity can actually decrease. Remote work is here[...]