Atlanta Market Report Year End 2022

Atlanta Market Report: St. Bourke 2022 Year in Review

St. Bourke, an Atlanta-based asset management and property development company, offers its 2022 Year in Review Atlanta market report. “Activity across Atlanta’s housing market in 2022 largely reflected the nationwide slowdown over the past 12 months as high home prices, construction costs and mortgage rates further eroded affordability and disqualified many homebuyers,” St. Bourke’s Director of Research & Communications Katie Fidler[...]

housing shortage - supply and demand

It’s Basic Supply and Demand, states MarketNsight

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,[...]

door mat that says home with pair of boots to represent the Atlanta market overview

St. Bourke Atlanta Housing Market Overview and 2023 Peek

Affordability challenges, low inventory, Gwinnett remains HOT! St. Bourke, an Atlanta-based asset management and property development company, offers a Q3 Atlanta housing market overview and a peek at what could lie ahead in 2023. “The St. Bourke team certainly leans towards a ‘glass half full’ mentality when considering Atlanta’s housing market and the broader economy. We are undoubtedly feeling the punch of[...]

Happy new homebuyers buy a New Home Now

Why Buy a New Home Now? Atlanta is a Hot Market

Home shoppers are wondering, why buy a new home now? Atlanta remains a red hot market for new home sales despite the recent upticks in interest rates. Wells Fargo Senior Economist Mark Vitner says he believes that Atlanta and other Sunbelt cities could get through a recession relatively unscathed. Click here to read the full article in the Atlanta Business Chronicle. With[...]

housing sales find bottom - row of homes

MarketNsight Announces Housing Sales Have Found a Bottom

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[...]

St. Bourke Atlanta Market Report Q2

St. Bourke Shares State of Atlanta Housing Market

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[...]

Lack of Supply, Demographic Shift Fueling Build-to-Rent

MarketNsight Answers: Lack of Supply, Demographic Shift Fueling Build-to-Rent

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[...]

atlanta housing market report 1Q2022

St. Bourke State of Atlanta Housing Market 1Q2022

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[...]

MarketWatch Atlanta: Not Your Grandfather’s Housing Market

MarketWatch Atlanta: Not Your Grandfather’s Housing Market

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[...]