MarketNsight, a leading real estate data and analysis provider, presented its state-of-the-market report and 2024 predictions during Market Watch calling for zoning reform and new housing solutions. "Nationwide job growth of nearly 3 million jobs in 2023 underscores the urgent need for increased housing supply to accommodate new workforce entrants, whether they rent or buy," said John Hunt, Principal and Chief[...]
MarketNsight’s MarketWatch MarketNsight presents the current state of the Atlanta housing market and predictions for 2024 WHAT: From interest rates nearing 8% to resale inventory at a record low, there is an opening for new construction to fill the massive inventory gap. Find out more at MarketNsight’s MarketWatch on Thursday, December 14, 2023. John Hunt with MarketNsight and Dr. Rajeev Dhawan with the[...]
MarketNsight, a leading real estate data and analysis provider, reports that even after six weeks in a row with 30-year fixed mortgage rates higher than 7%, pending sales are performing better than in the fall of 2022. “Home buyers have become accustomed to higher rates, and the market continues to be driven by the lack of housing supply,” said John Hunt,[...]
Affordability challenges, low inventory, Gwinnett remains HOT! St. Bourke, an Atlanta-based asset management and property development company, offers a Q3 Atlanta housing market overview and a peek at what could lie ahead in 2023. “The St. Bourke team certainly leans towards a ‘glass half full’ mentality when considering Atlanta’s housing market and the broader economy. We are undoubtedly feeling the punch of[...]
Curing inflation is going to take awhile, up to 18 months according to Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business. Dhawan says a “very determined” Federal Reserve will “eliminate excess demand by hiking interest rates sufficiently.” In his recent national economic forecast, Dhawan calls the current economic condition as “bearflation." Dhawan[...]
The impact of COVID-19’s delta variant will delay but not diminish economic growth prospects, and a current surge in inflation will recede in 2022, according to Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business. “The pause in growth is due to a decrease in consumption of contact-heavy service-sector products, such as hospitality,[...]
CoreLogic®, leading global property information, analytics and data-enabled solutions provider, recently released its Home Price Index (HPI™) and HPI Forecast™ from November 2020. In the reports, CoreLogic® found that when compared with November of 2019, home prices increased on average 8.2%. This impressive national rise in home prices is the largest annual appreciation in the housing market since March of[...]