For several months in late 2021 and early 2022, metro Atlanta home prices appreciated at an astronomical rate, growing in excess of 20% year over year. Times have changed. The metro area’s annual home price appreciation was flat last month, according to First Multiple Listing Service data. The median-priced Atlanta home sold for $375,000 in […]
With film and television spending hitting a record high in Georgia, home prices rose sharply last year in the state’s biggest city, home to Tyler Perry’s $100 million estate. In the past decade, Atlanta has earned the moniker Hollywood of the South. The city boasts a population of around 500,000 in Atlanta proper and roughly […]
The luxury hotelier Nobu opened its long-awaited Atlanta hotel on Wednesday at Buckhead’s Phipps Plaza, a project slowed by the pandemic but one that debuts amid a rebound in business and leisure travel. The Nobu Hotel Atlanta and its flagship restaurant were first announced in 2017, a headline-grabbing anchor for an ambitious reinvention of Phipps […]
The level of uncertainty and volatility in key housing-market metrics has economists and forecasters predicting divergent outcomes for the 2023 housing market. Redfin Corp. (Nasdaq: RDFN) this week predicted home prices will fall for the first time since 2011 — but at a modest 4% nationally. Zillow Group Inc. (Nasdaq: ZG) is anticipating home prices […]
If you’re planning to make a move but aren’t sure if now’s the right time, here are a few reasons why you shouldn’t wait to sell your house. The supply of homes for sale, while growing, is still low today. Plus, serious buyers are out looking right now, and many are hoping to avoid falling into the rental trap for another […]
There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due to rising […]
Open floor plans and old houses with character are out. Solid walls to provide peace and quiet and backyard oasis’ are in. And if you’re looking for an entry-level price point, get ready to pony up $100,000 more than you would have a couple of years ago. Luxury buyers’ tastes have changed since the onset […]
This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power for […]
If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you. While it’s not the peak intensity we saw during the pandemic, we’re still in a sellers’ market. That means you haven’t missed your window. Realtor.com explains: “. . . while prospective home sellers may lament that […]
If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market. If this sounds like you, here’s one key factor that could help you with your decision: there are more homes for sale today […]
