MarketNsight, a leading real estate data and analysis provider, reports that home prices continue to increase due to heavily constrained inventory for new and resale homes. “We will continue to see upward pressure on prices in 2024,” said John Hunt, Principal and Chief Analyst at MarketNsight. “Inventory is still 45% below pre-COVID levels. We need an additional 46,000 units annually in[...]
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[...]
Buying a new home in Atlanta is still affordable despite rising prices! While prices have risen in the metro area, they haven’t risen as fast here in Atlanta as they have in other major metropolitan cities around the nation. According to a national survey measuring the value of residential real estate in 20 major metro areas, home prices in metro Atlanta[...]
If you have roughly $200,000 to purchase a new home in Atlanta, you can expect about 1,119 square feet. That's great if you've moved from Manhattan, where the same amount will only give you 126. But if you're coming from Cleveland, where $200,000 will grant you about 3,769 square feet. You could either save your money or you could build[...]
Home prices are rising around the country, including in metro Atlanta. According to RealtyTrac’s® November reports, prices in the Atlanta real estate market were up 15 percent in November 2014 as compared to a year prior. In addition, the Augusta and Richmond metro area saw a 15 percent year-over-year appreciation, while the Chattanooga, Tennessee market, which also includes parts of[...]
The news just keeps getting better for the Atlanta real estate market; based on the January 2013 S&P/Case-Shiller Home Prices Index, the one year increase in home prices for the area is now at 13.4 percent, making this the first time the city has seen double digit increases since the onset of the housing bust. Atlanta was one of eight cities[...]
The recent release of the much watched S&P/Case-Shiller Home Prices Index had good news for the Atlanta real estate market.[...]