MarketNsight, a leading real estate data and analysis provider, reports that June’s collapse in housing inventory ushered in 2023’s first significant price increase. In late June, total inventory turned negative year over year for the first time in 13 months. Two weeks later, the effect of this drop in inventory was reflected in prices. Prices in July 2023 were up 6%[...]
Contrary to many recent headlines, the housing market remains active and dynamic, according to new data from MarketNsight. Despite a perceptible decrease in demand, the industry research leader reports that home sales continue at a robust 80% of last year's pace, with buyers signing contracts, even with interest rates exceeding 6%. “Increases in the market share of new homes continue to[...]
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[...]
As the years go on, trends ebb and flow within the homebuilding and design industry. While open-concept floor plans are all the rage now, many experts believe this particular trend is here to stay. Here are a few reasons why home builders, designers and homeowners are falling in love with open-concept homes: Breathtaking Design Large uninterrupted space, tall windows and vaulted ceilings are[...]
In 2018, MarketNsight was one of the first in the nation to sound the alarm on the effects of rising interest rates on housing; rates increased from 4% in January to 4.8% by October of that year. At the same time, new pending sales started dropping and went negative as rates peaked in October of that year. New pending sales[...]
2022 Paint Colors of the Year Range from Calming to Invigorating While 2021 isn’t over yet, renowned paint companies are releasing their 2022 picks for the color of the year. After yet another tumultuous year, many designers and homeowners anticipate the exciting release of colors and pallets to refresh spaces and create new, colorful memories. With a variety of color choices[...]
New American Funding CEO Rick Arvielo is today’s guest on the All About Atlanta Real Estate segment of the Atlanta Real Estate Forum Radio podcast. Hosted by Carol Morgan and Todd Schick, take a listen to learn more about New American Funding’s leadership style and company culture. New American Funding is a top national mortgage provider dedicated to serving underrepresented[...]
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[...]
MarketNsight Principal John Hunt recently projected June pending new home sales would follow suit with the record-breaking numbers of May pending sales – and they did. MarketNsight is pleased to announce June's pending new home sales were up 25% year-over-year! “Partial July data paints the same picture and will be yet another record for new pending sales,” Hunt said. “Is the[...]