MarketNsight presents the state of the Atlanta housing market and predictions for 2023 at MarketWatch Atlanta on Thursday, Dec. 8 WHAT: MarketWatch Atlanta Despite the grim headlines, year-to-date pending sales through October are only down 10% from last year and are equal to 2019, a very good year. What will the rest of 2022 and 2023 hold? Dr. Rajeev Dhawan of the[...]
Pending Sales Down 4 Percent from 2021 and still up 5 percent from 2019 Keeping with its trend of being ahead of the curve and setting accurate benchmarks to use nationally, MarketNsight released early August numbers for Atlanta. The first three weeks of August revealed a definite bottom for housing sales, which is, of course, tied to interest rates. With 30-Year Fixed[...]
Lonestar State, Upstate South Carolina and South Georgia Highlight MarketNsight Expansion Aiming to keep up with constantly increasing client demands and requests, Atlanta-based MarketNsight continues to expand its markets around the southeast with recent additions in Texas, South Carolina and Georgia. MarketNsight landed the nation’s Top Two housing markets with the addition of both Houston and Dallas. That was followed by smaller[...]
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 lack of housing supply, paired with the demographic shift of the last decade and how Americans live today, is driving the demand for build-to-rent communities in the Atlanta area, according to MarketNsight Principal and Chief Analyst John Hunt. Like Atlanta’s almost historically low levels of housing inventory, build-to-rent communities are a product of both the Great Recession and the[...]
In the post-pandemic world of homebuilding, many old rules just don't apply. Join MarketNsight for a virtual MarketWatch Atlanta on Thursday, June 9, 2022, at 10 a.m. The free bi-annual event will include a data-driven discussion on the housing market including inflation, interest rates, inventory and affordability from Dr. Rajeev Dhawan of the Georgia State Economic Forecasting Center and housing[...]
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[...]
John Hunt Gives a Market Update and 2022 Housing Predictions Home price appreciation will moderate to 8 - 10% in 2022 and return to a more normal 4 to 5% as we head into 2023, predicts MarketNsight Founder and Chief Analyst John Hunt. The housing analysis firm recently held its biannual MarketWatch Atlanta event where Hunt gave a market update and[...]
MarketNsight is thrilled to announce Principal and Chief Analyst John Hunt is returning to speak at the 2022 International Builders’ Show (IBS) in Orlando, Florida, which is returning as an in-person event. Hunt is presenting at IBS for the fifth year in a row to speak on small-lot product and missing middle housing. Hosted by the National Association of Home Builders[...]
So Much for the End of the Housing Boom: MarketNsight offers an abbreviated update for the month of August. According to MarketNsight Principal John Hunt, July trends continued as resale pending sales were up in the last week of August more than 40% over the same period in 2019, and even up 10% over an incredible 2021 (See chart 1 below).[...]