MarketNsight is cautiously releasing data showing that new pending sales in the first half of May 2020 are up 18% over the same period the year before. “We are all learning through this,” MarketNsight Principal John Hunt said. “Perhaps the biggest lesson is that you can actually sell new homes in the middle of a pandemic.” “We reported last week that after[...]
MarketNsight is pleased to announce that May 2020 pending new home sales are up 10% over May 2019 pending sales for the first week of the month. According to MarketNsight Principal John Hunt, pent-up demand is causing pending sales to increase year-over-year (YOY). “We are in uncharted territory, and we really have been since the great recession,” Hunt said. “With all[...]
MarketNsight recently announced a state of the Atlanta new home market at April’s month-end. Compared to the same four months of data in 2019, the final results of January through April 2020 are almost a wash. “Sales from January 2020 through the first week of March 2020 were so exceptional that it has compensated for the negative effects of COVID-19 (coronavirus)[...]
MarketNsight offers a state of the Atlanta new home market as we enter unprecedented times due to the COVID-19 (coronavirus) outbreak. Housing and the economy were in a very good place when this crisis started, giving a good indication of where we will be when the coronavirus crisis ends. “So much of life is just math. People buy homes in a[...]
MarketNsight Principal John Hunt recently projected that May new construction pending sales would be up 12% from 2018 closings. Opportunely, once all of the data was in, May pending new home sales were up a whopping 28% year-over-year! “In fact, this is the highest number of pending sales for May since the great recession,” Hunt said. “This is a big deal!” Hunt’s[...]
MarketNsight recently hosted its biannual MarketWatch Atlanta event releasing data on the state of the Atlanta new home industry to a crowd of more than 400 home builders, developers, bankers, Realtors and others in the industry. MarketNsight and ViaSearch President John Hunt gave an overview of the Atlanta housing market and shared predictions for the remainder of the year. At the[...]
If you are a builder, Realtor, developer or lender who wants to take your knowledge of the housing market to the next level, be sure to follow MarketNsight on Facebook, Twitter and Instagram. As a result of decades of research, housing economy expert and MarketNsight principal, John Hunt, provides excellent data and insights that can help housing industry professionals make[...]
You've heard of the most popular baby names of the year, but how do you measure the popularity of those names when the babies grow up? In home sales, of course! What were the names of the most dynamic home buyers in 2017? Dylan, apparently. ATTOM Data Solutions collected data from over 4 million home sales in 2017 to reveal which[...]
At the most recent MarketWatch Atlanta, MarketNsight principal John Hunt forecasted that the Atlanta housing market, like the housing markets nationwide, will experience moderate but not spectacular growth in 2018. Additionally, Hunt had several pieces of advice and useful information for Atlanta's new home builders, lenders and Realtors. Hunt predicted a five percent growth for the Atlanta new home market in[...]
The city of Atlanta is a metropolis with a diverse economy and culture. It serves as home to more than 18 Fortune 500 companies, including The Home Depot, UPS, The Coca-Cola Company, Delta Air Lines, The Southern Company, NCR Corporation and First Data; more than 10 Fortune 1000 companies; and the world's busiest airport, Hartsfield-Jackson Atlanta International Airport. It was[...]