Contrary to many recent headlines, the housing market remains active and dynamic, according to new data from MarketNsight. Despite a perceptible decrease in demand, the industry research leader reports that home sales continue at a robust 80% of last year's pace, with buyers signing contracts, even with interest rates exceeding 6%. “Increases in the market share of new homes continue to[...]
MarketNsight, a leading provider of real estate data and analysis, announces that new home market share in March 2023 was up 89% year over year. According to John Hunt, Principal and Chief Analyst at MarketNsight, new home market share growth can be attributed to several factors, including elevated interest rates and a lack of resale inventory. "Not surprisingly, new home market[...]
MarketNsight announces its latest real estate market update, showcasing the industry’s most recent trends and data. The real estate market has seen a significant improvement since November 2022. The Federal Reserve's decision to slow down the pace of interest rate hikes to 0.25% has played a crucial role in motivating buyers and calming anxiety across the industry. Additionally, the release[...]
What's hot and what's not? Based on the popularity of our Top 25 Atlanta Home Builders rankings, we decided to release the Top 20 Atlanta New Home Communities as ranked by MarketNsight. Atlanta new home communities included in the list are ranked by the number of homes closed in 2022 in the metro Atlanta real estate market. This list combines[...]
Hot off the Press - Atlanta's Top 25 Home Builders for 2022 are Announced The wait for the top 25 Atlanta home builders for 2022 is over! We ran the numbers, courtesy of MarketNsight, and the results are compiled. Atlanta home builders included in the list are ranked by the number of homes closed in 2022 in the metro Atlanta real[...]
Build-to-Rent (BTR) continues to make headlines. NIMBYs (Not in My Backyard) hate it. Investors and renters love it. But why the trend, and what's driving it? St. Bourke, an Atlanta-based asset management and property development company, takes a deeper dive into the driving force behind single-family BTR. Is it Wall Street or Main Street? Build-to-Rent single-family homes is a trend that[...]
In 2018, MarketNsight was one of the first in the nation to sound the alarm on the effects of rising interest rates on housing; rates increased from 4% in January to 4.8% by October of that year. At the same time, new pending sales started dropping and went negative as rates peaked in October of that year. New pending sales[...]
So Much for the End of the Housing Boom: MarketNsight offers an abbreviated update for the month of August. According to MarketNsight Principal John Hunt, July trends continued as resale pending sales were up in the last week of August more than 40% over the same period in 2019, and even up 10% over an incredible 2021 (See chart 1 below).[...]
Parkland Communities Inc., a privately-owned, multifaceted real estate development and investment firm in Atlanta, announces site plan approval for new Stonecrest development comprised of 388 lots in the City of Stonecrest located on Hayden Quarry Road at Turner Hill Road. “This 388-home community is intended for missing middle housing,” Parkland Communities President Jim Jacobi said. “It is situated perfectly near I-20 for[...]
Wondering if there is a resale bubble? Or perhaps the Atlanta housing market is back to normal? MarketNSight recently presented at the in-person Greater Atlanta Home Builders Association Board of Directors meeting. At the event, the firm compared Atlanta's pendings for new and resale from March through April 21, 2021, to the same period the year before. Since March through[...]