ATTOM, curator of the nation’s premier property database, released its 2Q2021 U.S. Home Affordability Report, showing that median home prices of single-family homes and condos in the second quarter of this year are less affordable than historical averages in 61 percent of counties across the nation with enough data to analyze. That was up from 48 percent of counties in[...]
Take advantage of Atlanta’s booming real estate market by first understanding how to navigate it. The confusing lingo, statistics and sometimes ominous forecasts often leave potential homebuyers thinking they are unable to benefit in the current market. Words to know Real estate market: Another word for the housing market, the real estate market represents the market of active properties buyers or[...]
Housing analysis firm MarketNsight recently added six new markets across five states to its service area in the Southeast. Customers across more than 35 cities can now access the latest housing, pricing, product and location data through the Feasibility Matrix® program, exclusive to MarketNsight. Additionally, Atlanta customers can access mortgage data through the firm’s new Mortgage Matrix® program. As MarketNsight continues[...]
MarketNsight recently released its first housing report regarding 2021 Atlanta housing year-to-date. Data shows the roles of closings and pendings reversed with closings dropping first following by pendings, but record-breaking permits continued into January 2021 with the highest seen since January 2007, suggesting that new supply is coming. “We have seen sharp moderation for both new and resale beginning in the[...]
MarketNsight numbers for 2020 and 2021 to-date show homebuyers are not fleeing southern cities for suburbs, and all areas are selling more homes today. The suburban shift has been going on since 2014, according to MarketNsight and ViaSearch President John Hunt. Buyers and home builders have been moving and building farther out due to increasing land prices for years. Atlanta began[...]
MarketNsight recently released the final 2020 numbers for Atlanta housing in addition to making 2021 predictions. Data shows that for all 2020, Atlanta new home pending sales were up 22% and 2020 new home closings were up 6% over the previous year. It is interesting to note the relationship between pending sales in Atlanta housing and COVID-19 (coronavirus) cases in Georgia.[...]
MarketNsight is excited to announce its second-ever virtual MarketWatch Atlanta coming up on Thursday, December 8, 2020, at 10 a.m. Dr. Rajeev Dhawan of Georgia State’s Economic Forecasting Center will join housing economy expert John Hunt of MarketNsight and ViaSearch to discuss the election and pandemic’s effect on housing and the Atlanta economy. Discussion will also include the future of[...]
MarketNsight reports 2020 Atlanta new pending home sales are up 19% over 2019 sales through August of this year. Monthly year-to-year increases over 2019 were 28% in May, 31% in June, 38% in July and 42% in August. “As we have mentioned before, the double-digit increases for housing demand started in May of last year, months before the pandemic,” MarketNsight and[...]
MarketNsight reports August Atlanta pending sales are up 46% over 2019 sales for week one and, so far, week two looks to be up 50% over last year. New pending home sales are up in Atlanta metro areas 17% year to date versus last year even as COVID-19 (coronavirus) cases continue to rise. “As interest rates continue to drop, it has[...]
MarketNsight recently hosted its June MarketWatch Atlanta event virtually on ZOOM giving a state of the market and predictions for the remainder of the year. Over 800 signed up for the event. MarketNsight and ViaSearch President John Hunt reiterated the current unprecedented times and that it is difficult to forecast exactly what might happen the rest of the year; however,[...]