Land development takes time. St. Bourke reminds home builders and others that making the decision to delay land development now will only put them behind the curve in 18-24 months when interest rates return to palatable levels and demand rebounds. It takes time to develop a community. While the general expectation is that critical factors like interest rates and available home[...]
Ann and Allen Richardson with Richardson Housing Group join the Atlanta Real Estate Forum Radio show on the eighth Legends of Real Estate segment to talk about the company's large footprint across the metro Atlanta housing market. The couple chats with Carol Morgan in the studio about founding the homebuilding company in 1973 and Allen’s involvement with the Greater Atlanta Home Builders[...]
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[...]
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[...]
Today’s modern renter isn’t who you think it is When it comes to housing, renting in 2022 does not look like it did in the 1980s, and neither does the modern renter. St. Bourke, an Atlanta-based asset management and property development company provides an overview of the rental demographic and the driving force behind it. “There are lots of misconceptions about who[...]
Atlanta-based Blue River Development, LLC has expanded into Charlotte, North Carolina. Currently, two developments are in process with other options in the works for a total of 500 lots. With more than 6,000 total lots in some form of due diligence, entitlements and construction across the Southeast, the Blue River Development team has more than 20 years of experience in acquiring[...]
A new survey from Zillow and Rover shows that pets are driving housing decisions, with nearly three-quarters (72%) of dog parents considering to move to a home that better suits their dog's needs. This seems to go for both homebuyers and those who choose to rent! In fact, over half of dog owners say is it hard to find a[...]
Vice President and Managing Broker Kelly Stephens with Engel & Völkers Real Estate joins the Atlanta Real Estate Forum Radio podcast to reveal favored metro Atlanta locations with a particular focus on North Fulton, as well as popular trends in the buying market. Stephens joins host Carol Morgan on the All About Real Estate segment and shares that luxury is[...]
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[...]