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).[...]
There is no housing bubble in Atlanta, according to MarketNsight Founder and Principal John Hunt. Historically low home inventory will take 10 years to reach normal levels as the market is short 92,000 homes on an annualized basis. Housing analysis firm MarketNsight recently held its biannual MarketWatch Atlanta event where Hunt gave a market update and his predictions for the[...]
Wondering if there is a resale bubble? Or perhaps the Atlanta housing market is back to normal? MarketNSight recently presented at the in-person Greater Atlanta Home Builders Association Board of Directors meeting. At the event, the firm compared Atlanta's pendings for new and resale from March through April 21, 2021, to the same period the year before. Since March through[...]
Housing analysis firm MarketNsight recently added six new markets across five states to its service area in the Southeast. Customers across more than 35 cities can now access the latest housing, pricing, product and location data through the Feasibility Matrix® program, exclusive to MarketNsight. Additionally, Atlanta customers can access mortgage data through the firm’s new Mortgage Matrix® program. As MarketNsight continues[...]