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[...]
St. Bourke, an Atlanta-based asset management and property development company, reveals a big picture snapshot of the Atlanta housing market in 1Q2022. Home prices continue to rise, homebuyers continue to push out toward the suburbs and exurbs and inventory continues to decline. “The upward trajectory of Atlanta’s economic recovery flattened during Q1 as the market began to feel more significant impacts[...]
With all the craziness of the past few years, you may find yourself asking, "When is the best time to sell my home?" You are in luck, according to ATTOM’s new analysis of single family homes and condo sales over the past 11 years (from 2011-2021), May is one of the BEST times to sell your home. Their data shows[...]
Think you can’t afford to own your own home? Think again. If you currently rent, chances are you can buy. We'd love your feedback on our why rent when you can own article! Please comment at the bottom. The Federal Housing Finance Agency made changes in the summer of 2021 that mean on-time rent can count in underwriting for government sponsored[...]
Blockchain Home Registry (BHR) ushered in a new era of collaborative innovation in the real estate industry powered by Web3 technology. BHR is a decentralized finance (DeFi) standard and platform that allows homeowners to claim a verified non-fungible token (NFT) of their property, giving them privacy-controlled access to a permanent, transferrable historical record of their home. New data (ownership history,[...]
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[...]
Over the years, politicians and housing activists have debated the merits of the mortgage interest deduction (MID), in terms of how it affects homeowners and the real estate market. As we approach tax day, now is a great time to review just what the MID is and how it impacts current and future Atlanta real estate residents. The MID provides for[...]
Earlier this year, ATTOM released its fourth-quarter 2021 U.S. Home Equity & Underwater Report. The release revealed that 41.9 percent of mortgaged residential properties were considered equity-rich in the fourth quarter. The combined estimated amount of loan balances secured by the surveyed properties was no more than 50 percent of their estimated market values. Out of the homes surveyed in the fourth quarter[...]
St. Bourke, an Atlanta-based asset management and property development company, reveals a big picture glimpse of housing in 2022 and lookback at the 2021 real estate market. Improved economic conditions and strong demand fueled the Atlanta housing market in 2021 driving home prices, starts and closings to record levels. “While we expect that housing metrics will continue to climb in 2022,[...]