Will home price appreciation remain strong in the face of modest job growth and the recent uptick in mortgage rates? Price appreciation is largely driven by the degree to which demand exceeds supply. While the best short-term measure of the housing demand/supply balance is months of supply of homes on the market, the best long-term
SINGLE FAMILY BUILT FOR RENT MARKET SHARE RISES
At the start of 2013, single-family starts built-for-rent were up on a year-over-year basis, with the market share rising to a new high. Despite some recent ups and downs, the share of single-family homes built for rental purposes continues to rise. But by and large, the construction market for these homes remains a niche market, even
REAL ESTATE MARKET SPEEDS UP – FASTEST REAL ESTATE MARKETS ACROSS THE COUNTRY
Very good snap shot of National market including Atlanta Stats Low Supply and High Demand are Largely Responsible, but Technology is also Creating a “New Normal” for the Expected Pace of Home Buying and Selling Ask a friend who’s trying to buy a home what the real estate market is like, and she will surely
HOUSING RECOVERY – ATLANTA ONE OF HARDEST HIT CITIES – EXPERIENCES STRONG RECOVERY
The lowest point of the housing bust was characterized by a glut of supply. Homes for sale remained on the market longer, and foreclosed homes and those with mortgages in default added to or threatened to add to this inventory. As a result, prices fell, and construction of new homes fell to extremely low levels.
The Atlanta Housing Market is on the Rise
Due to strong demand and limited supply of both new and resale houses, home prices could rise by as much as 10% in 2013. Net job growth may push this number even higher. According to a recent report by Metrostudy, a national housing intelligence and consulting firm that maintains the most extensive primary database on