MarketNsight reports the slight new home moderation it predicted in September showed up in force for October. The progression from October week one to October week four year-to-year was: +41%, +29%, +12% and +14%. The third and fourth week of October 2020 mark the first time since the second week of May new pending sales have been less than 25%[...]
MarketNsight reports June new Atlanta pending home sales continue to exceed 2019 sales, even as COVID-19 (coronavirus) Georgia cases continue to increase. According to MarketNsight and ViaSearch President John Hunt, week three of June 2020 was up 31% year-to-year with a lag and will be up 43% year to year when the lag is accounted for.
The first three weeks of[...]
MarketNsight is cautiously releasing data showing that new pending sales in the first half of May 2020 are up 18% over the same period the year before.
“We are all learning through this,” MarketNsight Principal John Hunt said. “Perhaps the biggest lesson is that you can actually sell new homes in the middle of a pandemic.”
“We reported last week that after[...]