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,[...]

atlanta housing depicted by dollhouse with sold sign in front

MarketNsight Releases First Atlanta Housing Report for 2021

MarketNsight recently released its first housing report regarding 2021 Atlanta housing year-to-date. Data shows the roles of closings and pendings reversed with closings dropping first following by pendings, but record-breaking permits continued into January 2021 with the highest seen since January 2007, suggesting that new supply is coming. “We have seen sharp moderation for both new and resale beginning in the[...]

Less than stellar Q4 for housing

Higher Rates, Lack of Inventory and Government Shutdown Contribute to a Less than Stellar Q4

MarketNsight, a housing research and feasibility company, announces that pending sales in Atlanta for both new and existing homes fell 4th quarter 2018 over 4th quarter 2017. Pending sales are the leading indicator for housing demand, and this was the first year-to-year decline since 2014. Pending sales were down six percent for the quarter, with November being the worst month[...]

square feet

Got $200K? Here’s How Many Square Feet You’ll Get Nationwide

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[...]