MarketNsight reports 2020 Atlanta new pending home sales are up 19% over 2019 sales through August of this year. Monthly year-to-year increases over 2019 were 28% in May, 31% in June, 38% in July and 42% in August. “As we have mentioned before, the double-digit increases for housing demand started in May of last year, months before the pandemic,” MarketNsight and[...]
MarketNsight reports August Atlanta pending sales are up 46% over 2019 sales for week one and, so far, week two looks to be up 50% over last year. New pending home sales are up in Atlanta metro areas 17% year to date versus last year even as COVID-19 (coronavirus) cases continue to rise. “As interest rates continue to drop, it has[...]
MarketNsight reports May and June pending new home sales were up 30% over 2019 sales and, so far, July is averaging more than 30% over last year. Even as COVID-19 (coronavirus) cases continue to rise, homebuyers are buying in unprecedented numbers. According to MarketNsight and ViaSearch President John Hunt, Atlanta's new home pending sales are up 13% over last year. MarketNsight[...]
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 hosted its June MarketWatch Atlanta event virtually on ZOOM giving a state of the market and predictions for the remainder of the year. Over 800 signed up for the event. MarketNsight and ViaSearch President John Hunt reiterated the current unprecedented times and that it is difficult to forecast exactly what might happen the rest of the year; however,[...]
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[...]
MarketNsight is excited to announce its first-ever virtual MarketWatch Atlanta. Dr. Rajeev Dhawan of Georgia State’s Economic Forecasting Center will join housing economy expert John Hunt of MarketNsight and ViaSearch to discuss the pandemic’s effect on housing and the economy. Coming up on Thursday, June 11, 2020, at 10 a.m., the discussion will also include the future of Atlanta’s housing market[...]
MarketNsight is cautiously releasing data showing that new pending sales in the first half of May 2020 are up 18% over the same period the year before. “We are all learning through this,” MarketNsight Principal John Hunt said. “Perhaps the biggest lesson is that you can actually sell new homes in the middle of a pandemic.” “We reported last week that after[...]
MarketNsight is pleased to announce that May 2020 pending new home sales are up 10% over May 2019 pending sales for the first week of the month. According to MarketNsight Principal John Hunt, pent-up demand is causing pending sales to increase year-over-year (YOY). “We are in uncharted territory, and we really have been since the great recession,” Hunt said. “With all[...]
MarketNsight recently announced a state of the Atlanta new home market at April’s month-end. Compared to the same four months of data in 2019, the final results of January through April 2020 are almost a wash. “Sales from January 2020 through the first week of March 2020 were so exceptional that it has compensated for the negative effects of COVID-19 (coronavirus)[...]