Build-to-Rent (BTR) continues to make headlines. NIMBYs (Not in My Backyard) hate it. Investors and renters love it. But why the trend, and what's driving it? St. Bourke, an Atlanta-based asset management and property development company, takes a deeper dive into the driving force behind single-family BTR. Is it Wall Street or Main Street? Build-to-Rent single-family homes is a trend that[...]
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[...]
Curing inflation is going to take awhile, up to 18 months according to Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business. Dhawan says a “very determined” Federal Reserve will “eliminate excess demand by hiking interest rates sufficiently.” In his recent national economic forecast, Dhawan calls the current economic condition as “bearflation." Dhawan[...]
Atlanta Housing Market - Increased sales, limited lot supply, Gwinnett is HOT! St. Bourke, an Atlanta-based asset management and property development company, gives a snapshot of the Atlanta housing market at the end of Q2. Economic indicators remain positive; however, home affordability has weakened against inflation, rising interest rates and the threat of recession. Demand is still present, and inventory is[...]
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[...]
Is housing market balance finally returning after months of being a seller's market? According to Redfin, it might be. What do you see in your local market? Soaring housing costs caused many house hunters to drop out in recent months, which is now providing some relief for buyers who are still searching. Today’s buyers are seeing the housing shortage ease, price[...]
Homeownership is widely recognized as the leading source of net worth among families and Atlanta middle-income households gained wealth over the past decade due to home appreciation. Housing wealth itself is primarily achieved by price appreciation gains, and the nation has seen home prices accelerate at a record pace during the course of the last decade. A new study from the[...]
Redfin Reports Asking Prices Come Down from All-Time High According to a new report from Redfin (redfin.com), the technology-powered real estate brokerage, home prices are dropping, but we wonder if Atlanta home prices are dropping? If you are a Broker or Realtor, please chime in and comment! Nationwide the median asking price of newly-listed homes for sale is down 1.5% from the all-time[...]
Atlanta Homes Unaffordable According to the Federal Reserve Bank of Atlanta Metro Atlanta's median home price in May set a new record at $430,000 making Atlanta homes unaffordable according to First Multiple Listing Service data. And this month, the 30-year, fixed rate surpassed 6% for mortgages for the first time since before the Great Recession. This means that the 22 metro area[...]
Kitchen remodeling has a high rate of return when it’s time to sell a home – 78% according to the Cost vs Value National Report. But even with a high rate of return, it still helps to save where you can. After all, even a basic kitchen remodel will likely cost $15,000 to $25,000. But that’s pretty basic. Experts recommend[...]