Local News
Real estate news in Atlanta
Existing-home sale price for all housing types rose 7.9 percent year-over-year in June in the National Association of Realtors’ latest housing report. It’s the fourth straight month of yearly price increases, a streak that has not occurred since 2006.
By Peter Ricci Nearly six in 10 respondents to the latest Real Estate Buyer’s Agent Council (REBAC) survey reported higher buyer interest in 2012, a 34 percent increase from 2011 and one of the strongest signifiers yet of greater
By Peter Ricci The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) posted notable gains in July, rising six points to its highest level since March of 2007. The six-point increase is the largest one-month gain for the
By Stephanie Sims How fast agents sell homes depends on a number of things – location, condition of the property, foreclosure/short sale status and the state of the market. But a hugely important indicator is how many days a
By Peter Ricci There have been many celebrity victims of the housing downturn, and a new article from Zillow is reporting that Partridge Family alum David Cassidy is facing foreclosure on his 34th-floor penthouse in the Los Olas River
By Stephanie Sims With zombies trending lately, in pop culture and several times in the news scarily enough, perhaps your clients have wondered aloud whether or not they should buy a property that would defend against any future apocalyptic
The National Association of Home Builders/First American Improving Markets Index (IMI) expanded yet again last month, with the NAHB adding 11 more metros to the index, which now totals 84. A measure of improving economic conditions, the IMI now
Is the 305 passing the 312? New construction data from McGraw-Hill Dodge on high-rises in the U.S. contained an interesting nugget of information – from 2000 to 2011, there were more projects for buildings of 20 or more stories
Lessening underwriting standards are the great white whale in housing’s recovery, and the 2012 Survey of Credit Underwriting Practices from the Office of the Comptroller of the Currency (OCC) is making some suggestions that the tide may be turning for home
The Related Group’s affordable housing division, Related Urban Development, has been granted a $60 million tax credit to fund public housing projects in the area, according to a June 21 press release. Albert Milo, senior vice president for Related
The National Association of Realtors’ Pending Home Sale Index bounced back to positive territory in May, rising 5.9 percent to its highest level in two years. With a reading of 101.1, the index is 13.3 percent higher than a
Miami home prices were up for the sixth consecutive month in May, with median condo prices increasing by 22 percent, according to new data from the Miami Association of Realtors (MAR). Statewide, sale prices were similarly encouraging, increasing 8.9
Home prices in Miami continued their stellar performance in the latest Case-Shiller Home Price Index, increasing 3.2 percent from last year, according to Standard & Poor’s (S&P). In addition, prices rose by 0.4 percent from March to April, and that
Sales of new singe-family homes for the month of May, according to new data from the Census Bureau, rose 19.8 percent year-over-year to a two-year high. The 369,000 seasonally-adjusted annual rate was also 7.6 percent above April’s rate of
Lani Kahn Drody, Master Brokers Forum member, and president of Lowell International Realty, recently sold former Florida Governor Jeb Bush’s home located at 629 Altara Ave. The home, located in Coral Gables, closed at a price that was over
Existing-home sales in May declined 1.5 percent from April to May to a seasonally adjusted annual rate of 4.55 million, but were up 9.6 percent from May 2011, according to the National Association of Realtors. Median existing-home price, though,
