Following a year of rising costs and interest rates, the housing market is starting to make an upward turn. With housing prices stabilizing and average wages slowly rising, homeownership is slightly more affordable than renting in some of the largest cities in the United States. According to the first-quarter 2023 U.S. Home Affordability Report released by ATTOM, a leading curator of land,[...]
When it comes to renting and buying in today’s market, the average three-bedroom home can be monetarily draining for families across the nation. With home prices rising faster than wages and wages rising faster than rent prices within the greater Atlanta region, renting is the more financially beneficial choice when searching for a home this year. Rick Sharga, executive vice president[...]
Atlanta Homes Unaffordable According to the Federal Reserve Bank of Atlanta Metro Atlanta's median home price in May set a new record at $430,000 making Atlanta homes unaffordable according to First Multiple Listing Service data. And this month, the 30-year, fixed rate surpassed 6% for mortgages for the first time since before the Great Recession. This means that the 22 metro area[...]
In a recent report, ATTOM revealed more Americans are opting for homeownership in place of leasing due to skyrocketing rental prices. In the 2022 Rental Affordability Report, the nation’s premier property database showed a median-priced home is more affordable than renting in 58% of the counties analyzed despite rising home prices. The building industry and homebuyers continue to experience a unique[...]
ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), recently released its first-quarter 2020 report highlighting the United States home sales trend. Most notably, the report shows that home sellers saw a home price gain of $67,100. This is up from a gain of $66,264 when compared to the fourth quarter[...]
ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), recently released a report focusing on the housing level in several counties in the United States. According to the report, the housing market in some counties are more or less likely to be impacted by COVID-19, more commonly known as coronavirus. The[...]
ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), released its annual analysis of the best days of the year to buy a home. The analysis shows that only three days of the year offer discounts below estimated market value. All three days fall in the month of December, meaning it[...]
A new report from ATTOM Data Solutions reveals that nearly one in 10 homes sold so far in 2018 by the nation’s two leading iBuyers – Opendoor and Offerpad – were purchased by institutional investor entities buying at least 10 homes. Although overall investor sales are down dramatically, more sales transactions for this group take place through iBuyers. Investor sales[...]
The best day to close on a new home is the day after Christmas according to a new ATTOM Data Solutions market analysis of more than 18 million single-family home and condo sales over the last five years. Why is December 26 the best day to buy a home? It’s the day where buyers see the biggest discount below full[...]
ATTOM Data Solutions recently conducted analysis of 2017's hottest home buyer names, and while nationwide home sales decreased by four percent in 2017 compared to 2016, home sales among certain surnames were both heating up and cooling down in 2017. Barnes was the most active last name in the Atlanta market! Did any of our readers notice that? Home sales to[...]