Flashback to February 2013 when Atlanta Real Estate Forum ran this headline: Is Atlanta Running Out of Houses? Times were different, yet there were so many similarities. Home inventory in Atlanta was getting depleted quickly, and it is once again now 10 years later! In February 2013, when this article was originally published, you’ll notice the months supply of homes for[...]
Redfin reports homes sell at fastest pace on record! From listed to sold in two weeks --59% Under Contract within two weeks! The median home-sale price increased 17% year over year to $335,613—an all-time high—according to a new Redfin report, the technology-powered real estate brokerage. However, year-over-year comparisons may more reflect the fact that this time last year, stay-at-home-orders halted both[...]
Recent figures released by HUD and the U.S. Census Bureau show that new home sales in January surged by 15.6 percent to a seasonally adjusted annual rate of 437,000. All regions of the country saw increases, and this sales pace is the highest since July of 2008. "The surge in demand for new homes this January is an excellent sign that[...]
Mix together a large supply of unsold homes, millions of foreclosures, new lending and appraisal guidelines, and a healthy dose of reality television, and it feels like you have a recipe for disaster when it comes to selling your home. You’ve listed your home, and your real estate agent has mentioned the competition. You’ve priced it carefully to make sure it[...]