Atlanta new home inventory is at a near all time low. In fact all new home and resale inventory is extremely low. How low? Well Steve Mapes, Chief Business Development Officer with FMLS says that inventory is down from 17,703 listings in July 2020 compared to 12,309 in 2021. This is down more than 30% year over year. If we broaden our timeline[...]
President and founder of Graphs and Laughs, Elliot Eisenberg, Ph.D., is known for his quick wit, bowtie and understanding of housing and economics. Dr. Elliot Eisenberg a.k.a. the Bowtie Economist joins us in studio for Episode 923 of Atlanta Real Estate Radio. Joined by co-hosts Carol Morgan and Todd Schnick, the group discusses the current housing industry, where the economy[...]
Dr. Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s Robinson College of Business recently shared his insights regarding the impact of COVID-19, more commonly known as coronavirus, on the 2020 Economic Forecast. While several factors currently impact the real estate market such as a sharp drop in oil prices to the pullback of the presidential election, Dhawan[...]
Dr. Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s Robinson College of Business gives his 2020 Economic forecast. He says, "A maturing business cycle, the ongoing global slowdown and the U.S.-China trade spat are fostering a deteriorating business investment climate, and a slowdown in job growth has made consumers wary of spending." Related to overseas buyers, Dhawan commented[...]
Today I have the pleasure of being at the Home Builders Association of South Carolina's summer board meeting in the beautiful city of Savannah, Georgia. Economist Elliot Eisenberg, Ph.D., is speaking this morning on the 2018 Economy. Here are some of his key points. The economy is not good, it is fantastic! This is probably the best quarter for GDP we[...]
If you have roughly $200,000 to purchase a new home in Atlanta, you can expect about 1,119 square feet. That's great if you've moved from Manhattan, where the same amount will only give you 126. But if you're coming from Cleveland, where $200,000 will grant you about 3,769 square feet. You could either save your money or you could build[...]
Housing economy expert John Hunt of MarketNsight and ViaSearch is excited to announce MarketWatch Atlanta on Friday, June 9. Join John Hunt and Dr. Rajeev Dhawan of Georgia State’s Economic Forecasting Center in their discussion of current trends and full forecasts for Atlanta’s overall economy, and new construction. As home builders scramble to meet the generational demands of millennials and boomers[...]
On Jan. 6, 2015 Mercedes-Benz USA announced that it will relocate its headquarters to Atlanta. Offering positions in distribution, marketing and customer relations, the Mercedes-Benz USA headquarters is anticipated to create at least 800 jobs for local residents. Mercedes-Benz USA President and CEO Stephen Cannon expressed his enthusiasm for the upcoming transition, stating that he is eager to establish a permanent[...]
Atlanta is the No. 1 city in America in the minds of so many of its residents that it comes as little surprise to them when the southern behemoth and giant metropolitan area are actually officially named No. 1 in something. But, still, the more recognition Atlanta receives, the more people seem to want to want to move here, giving[...]
According to a recent analysis from Trulia, rising rents and low lending rates have united to make buying a new home 45 percent less expensive than renting in the nation's 100 largest metros. This equates to an average savings of $771 a month as long as the conditions are right; buyers must qualify for a 3.5 percent mortgage rate, remain in[...]