The US housing market may finally be cooling, but getting onto the property ladder is sometimes difficult. One solution is to buy a discounted property that need renovation. The availability and prices of these ‘fixer-uppers’ vary greatly across the country, but Atlantans fortunately have quite a range of them, and often at attractively reduced prices. StorageCafe research discovered which large US[...]
Vice President of Construction Lending Eugene James with Quantum National Bank joins the Atlanta Real Estate Forum Radio podcast to talk about the economic health of our country, current market concerns and the controversy surrounding the build-to-rent market. James joins host Carol Morgan on the All About Real Estate segment. A highly qualified and respected member of the industry, James has over 30 years of[...]
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[...]
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[...]
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[...]
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,[...]
Chief Economist Dr. Rob Dietz with the National Association of Home Builders spoke to delegates about the state of the housing market during Fall Leadership Meetings in Houston, Texas earlier this month. He cited ongoing supply chain challenges and housing affordability as two of the biggest challenges facing the new home building industry. Government regulations, material and labor price increases[...]
What are the hottest housing markets? We all know that real estate sales are hot! How does the Atlanta new home market stack up? According to the National Association of Home Builders (NAHB) the metropolitan Atlanta new home market ranks No. 3 behind Houston and Dallas for total single family permits pulled from 2011 to 2020. (Our sources at MarketNsight[...]