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.

MarketNsight Calls for Zoning Reform and New Housing Solutions

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[...]

pending home sales

Pending Sales Hold Steady Despite Sustained Rates Above 7%

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,[...]

US housing economy

US Housing Market Insights from Dr. Robert Dietz

Dr. Robert Dietz, Chief Economist of the National Association of Home Builders (NAHB), recently addressed the public affairs and communications committee at the fall leadership meetings in Palm Springs, California, sharing information on the US Housing Market. As an active member of NAHB, I am fortunate to chair public affairs for NAHB this year and have the opportunity to hear[...]

new home under construction - Buffet bets on U.S. Housing

Buffet Bets on U.S. Housing Market

A recent Fortune article reports that Warren Buffet just made a big bet on the U.S. housing market, and from Blue River Development's perspective, it is easy to see why. The recent investment by Warren Buffett's Berkshire Hathaway in three leading U.S. homebuilders – D.R. Horton, Lennar and NVR – signals strong confidence in the U.S. housing market. The investments, worth[...]

housing shortage - supply and demand

It’s Basic Supply and Demand, states MarketNsight

Homes below $300,000 are almost nonexistent “The housing shortage will get worse over the next year,” MarketNsight Chief Analyst John Hunt said at MarketWatch Atlanta. To get back to normal, Atlanta needs 66,000 additional homes on the market over the next 12 months. “We simply don’t have enough supply,” Hunt said. Before the Great Recession, housing starts and population growth tracked together,[...]

St. Bourke Atlanta Market Report Q2

St. Bourke Shares State of Atlanta Housing Market

Atlanta Housing Market - Increased sales, limited lot supply, Gwinnett is HOT! St. Bourke, an Atlanta-based asset management and property development company, gives a snapshot of the Atlanta housing market at the end of Q2. Economic indicators remain positive; however, home affordability has weakened against inflation, rising interest rates and the threat of recession. Demand is still present, and inventory is[...]

georgia economy graphic

Innovation Drives Georgia Economy Back to Normal

Innovations Drive Georgia Economy toward Normal, Wild Cards Notwithstanding Seventy percent of Georgia’s employment and income are generated in the Atlanta metro area, which “took a huge hit from the 2020 Covid-19 shutdown by devastating the bread and butter of the city’s economy: its convention and meetings business,” said Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s Robinson[...]

return to normal housing economy graphic

Return to Normal in 2022 Predicted by Rajeev Dhawan

Forecaster Says Return to Normalcy in 2022 Also Means Return of Pre-Pandemic Economic Concerns Economic optimism about emerging from the pandemic’s shadow is progressing in a two-steps-forward, one-step-back manner, according to Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business. “Case in point: 2021 was a tale of two halves. The U.S. economy grew[...]