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[...]
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,[...]
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[...]
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[...]
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[...]
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[...]