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[...]
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[...]
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[...]
Innovations Drive Georgia Economy toward Normal, Wild Cards Notwithstanding Seventy percent of Georgia’s employment and income are generated in the Atlanta metro area, which “took a huge hit from the 2020 Covid-19 shutdown by devastating the bread and butter of the city’s economy: its convention and meetings business,” said Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s Robinson[...]
Are townhomes popular with homebuyers? Well, an NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design shows that townhouse construction jumped more than 28% in 2021. As housing demand shifted to more suburban and exurban areas and housing affordability headwinds persist, medium-density construction lagged for much of 2020. However, demand for medium density neighborhoods[...]
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[...]
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).[...]
Atlanta new home inventory is at a near all time low. In fact all new home and resale inventory is extremely low. How low? Well Steve Mapes, Chief Business Development Officer with FMLS says that inventory is down from 17,703 listings in July 2020 compared to 12,309 in 2021. This is down more than 30% year over year. If we broaden our timeline[...]