Atlanta Home Connections

10/22/2021

Existing home sales rose in September, likely due to a brief decline in mortgage rates. First-time buyers made up just 28% of sales, the lowest level since July 2015. The low percentage is most likely due to the competitive market, competing for the same properties. Sellers have the advantage with multiple offers
On the rental side: Single-family rents are surging, and investors are flooding the market. August rents rose 9.3% year over year, up from a 2.2% year-over-year increase in August 2020.

07/02/2021

Housing News:
The FHFA reported a monthly home price increase of 1.8% and year-over-year growth of 15.7% for April. Both figures broke previous records.
May pending home sales rose to the highest level since 2005. The increase could signal some relief from the inventory shortage that has driven prices to record highs.
Economy:
Consumer confidence hit a 16-month high in June and was also revised upward for May, as the growing labor market and reopening economy offset inflation concerns.
Companies hired nearly a million new workers in May, according to ADP. This was the largest gain since last June, led by 440,000 new hires in leisure and hospitality.

06/03/2021

Update Housing Snapshot
Listings for 3 straight months and for the first time in 5 months, sales volume has declined 2.7% in the 12 county Metro Atlanta area and 2.5% in the core counties. Inventory remains low, with active listings off 59% compared to last year. The low inventory since January 2021 continues to drive prices up by 24%. Median sales price increased from $275,000 to $341,000 in May.

05/28/2021

Market this week.
Existing home sales fell for the third straight month in April. Demand remained strong, but sales were constrained by inventory, which was down 20%.
Pending home sales also fell in April. Elevated asking prices, reflecting the limited supply of homes on the market, are making properties less affordable and curbing sales.
Home price appreciation is accelerating as buyers continue to fight for limited inventory. Case-Shiller showed a year-on-year gain of 13.3% in March, up from 12% in February.

03/19/2021

Housing news week of 3/18
Housing starts fell 10.3% to a 6-month low during February's cold weather. It was likely a temporary setback for a housing market with lean inventory and strong demand.

02/12/2021

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12/15/2020

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Vote Atlanta Home Connections in Buford, Georgia as Best of Gwinnett in Real Estate!

10/29/2020

On the Market 11-06-2020, 4 bedroom 2 bath home in Buford Ga. $239,900.

08/12/2020

Back on the market today! Financing fell through. Traditional 2 story with finished basement. features include a large spacious kitchen with granite countertops, stone backsplash tile, hardwood floors in the kitchen, dining, and upstairs hallway. Large master bedroom with seating area, tile floors in all the bathrooms, and in the basement. Master bath has a jet tub and beautifully stained cabinets. This home has a wrap-around porch, a half-acre lot, and so much space inside and out, a perfect place to raise a family. The first time it was listed it went under contract in three days. Don't let this home slip away! $267,500.00 Equal Housing Opportunity

07/22/2020

Under Contract in 3 days! 267,500 Snellville