MarketNsight recently released its first housing report regarding 2021 Atlanta housing year-to-date. Data shows the roles of closings and pendings reversed with closings dropping first following by pendings, but record-breaking permits continued into January 2021 with the highest seen since January 2007, suggesting that new supply is coming. “We have seen sharp moderation for both new and resale beginning in the[...]
MarketNsight numbers for 2020 and 2021 to-date show homebuyers are not fleeing southern cities for suburbs, and all areas are selling more homes today. The suburban shift has been going on since 2014, according to MarketNsight and ViaSearch President John Hunt. Buyers and home builders have been moving and building farther out due to increasing land prices for years. Atlanta began[...]
MarketNsight recently released the final 2020 numbers for Atlanta housing in addition to making 2021 predictions. Data shows that for all 2020, Atlanta new home pending sales were up 22% and 2020 new home closings were up 6% over the previous year. It is interesting to note the relationship between pending sales in Atlanta housing and COVID-19 (coronavirus) cases in Georgia.[...]
MarketNsight hosted its bi-annual December MarketWatch Atlanta event virtually this week, releasing November numbers for the Southeast, giving a state of the market and offering predictions for 2021. MarketNsight and ViaSearch President John Hunt, joined by Chief Economist and Director of the Economic Forecasting Center at Georgia State University Dr. Rajeev Dhawan, made note of the unprecedented year housing has[...]
MarketNsight is excited to announce its second-ever virtual MarketWatch Atlanta coming up on Thursday, December 8, 2020, at 10 a.m. Dr. Rajeev Dhawan of Georgia State’s Economic Forecasting Center will join housing economy expert John Hunt of MarketNsight and ViaSearch to discuss the election and pandemic’s effect on housing and the Atlanta economy. Discussion will also include the future of[...]
MarketNsight reports the slight new home moderation it predicted in September showed up in force for October. The progression from October week one to October week four year-to-year was: +41%, +29%, +12% and +14%. The third and fourth week of October 2020 mark the first time since the second week of May new pending sales have been less than 25%[...]
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[...]