MarketNsight Reports on First Half of 2023 This week, MarketNsight, a leading real estate data and analysis provider, revealed housing data through the end of June 2023. Of note, year-to-year housing inventory has collapsed since January and was negative in June for the first time in 13 months. Months of supply (MOS) at the end of June 2023 was 1.8. According to[...]
MarketNsight Offers Housing Forecast at MarketWatch Atlanta MarketNsight, a leading provider of real estate data and analysis, recently hosted its biannual MarketWatch Atlanta event via Zoom, releasing data on the state of the Atlanta new home industry. According to John Hunt, Principal and Chief Analyst at MarketNsight, the housing shortage in Atlanta (especially related to entry-level housing) and elsewhere throughout the[...]
Contrary to many recent headlines, the housing market remains active and dynamic, according to new data from MarketNsight. Despite a perceptible decrease in demand, the industry research leader reports that home sales continue at a robust 80% of last year's pace, with buyers signing contracts, even with interest rates exceeding 6%. “Increases in the market share of new homes continue to[...]
Despite recent alarming events and headlines, builder sentiment is rising, home prices have not collapsed, the job market remains strong, and the Fed has slowed its pace on rate hikes. What will the rest of 2023 and 2024 hold? Find out at MarketWatch Atlanta hosted by MarketNsight on Thursday, June 8, 2023. John Hunt with MarketNsight and Dr. Rajeev Dhawan[...]
MarketNsight, a leading provider of real estate data and analysis, announces that new home market share in March 2023 was up 89% year over year. According to John Hunt, Principal and Chief Analyst at MarketNsight, new home market share growth can be attributed to several factors, including elevated interest rates and a lack of resale inventory. "Not surprisingly, new home market[...]
MarketNsight announces its latest real estate market update, showcasing the industry’s most recent trends and data. The real estate market has seen a significant improvement since November 2022. The Federal Reserve's decision to slow down the pace of interest rate hikes to 0.25% has played a crucial role in motivating buyers and calming anxiety across the industry. Additionally, the release[...]
When will housing recovery happen? "The bottom line is that we will not see a real housing recovery until mortgage rates fall below 6%, and it will take 30-year Fixed rates moving closer to 5.5% to see any dramatic improvement at all," said MarketNsight Chief Analyst John Hunt. MarketNsight takes a look at December stats. Home sales improved the first week of[...]
Homes below $300,000 are almost nonexistent “The housing shortage will get worse over the next year,” MarketNsight Chief Analyst John Hunt said at MarketWatch Atlanta. To get back to normal, Atlanta needs 66,000 additional homes on the market over the next 12 months. “We simply don’t have enough supply,” Hunt said. Before the Great Recession, housing starts and population growth tracked together,[...]
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[...]