Local News

Real estate news in Atlanta

NAR applauds President Biden’s nomination of FHFA director

The National Association of REALTORS®  applauded President Joe Biden’s nomination of acting Federal Housing Finance Agency director Sandra Thompson to serve in a permanent capacity.. “Her talents and experience will benefit the enterprises, homeowners and home buyers and the mortgage-financing ecosystem,” NAR President Leslie Rouda Smith said in a press release.

Supply and demand remain unbalanced in Seattle’s housing market

As the Seattle real estate market eases into its usual winter hiatus, high home prices and mortgage rates, low inventory and stiff competition continue to stand in the way of seasoned homeowners and first-time home buyers.

NAR donated nearly 3,500 meals to Americans in last six months

As part of an ongoing relationship with the Food Recovery Network (FRN), the National Association of Realtors provided roughly 3,475 meals to Americans in the past six months, according to a press release. 

Survey: Millennial homeowners most burdened by debt, homeownership costs

Millennials are at the greatest risk of becoming house-rich and cash-poor as the generation is spending the highest percentage of their monthly income on homeownership costs compared to other generations, according to a new Hometap report.

Top 10 housing markets to watch in 2022

While the real estate market is finally showing signs of cooling after a year of skyrocketing home prices and bidding wars, desirable metros across the U.S., including in Florida, Washington and Massachusetts, can expect a big year in 2022.

Seattle ended decade with faster growth than suburbs, reversing 100-year trend

For the past 100 years, the suburbs of King County have grown at a faster rate than the city of Seattle. However, according to U.S. Census Bureau data, the suburbs’ long run is officially over — at least for now. 

Seattle new construction shortfall tops 113,000 homes

There may be a construction boom, but builders still have a lot of ground to make up from a decade of underbuilding, according to a new report from Zillow. Builder efforts are hampered by continued supply chain disruptions and

Northwest MLS: No seasonal slowdown for Washington real estate this year

While real estate markets across the country slowed down in November around Thanksgiving, such was not the case for Washington, where buyers and sellers were unusually active. Based on the latest report from the Northwest Multiple Listing Service (MLS), numbers for new listings, pending sales and closed sales were comparable to year-ago totals, while prices rose just over 15%.

Mobile homes appeal to young and middle-class buyers as home prices surge

With home prices continuing to reach new heights  across the country, many potential homebuyers are seeing the mobile-home market in a brand new light as single-family home prices become less affordable for young and middle-class buyers. 

CoreLogic: Could 2021 be the first multi-trillion dollar real estate market?

As more money is being spent on real estate than ever before, the booming market is on pace to shatter records this year, according to a recent CoreLogic report.

FHFA announces conforming loan limits for Fannie and Freddie mortgages

The Federal Housing Finance Agency (FHFA) recently announced its 2022 conforming loan limits (CLL) for conventional loans acquired by Fannie Mae and Freddie Mac.

Seattle buyers can’t get enough of its waterfront estate

Prices of Seattle waterfront homes are steadily rising, particularly in King County, where waterfront property has been historically expensive. 

Are investors to blame for low housing inventory?

Nationally, investors bought a record 18% of homes sold in the third quarter of this year, and they are increasingly turning to single-family homes, according to Redfin. 

SKCR releases King County election roundup

Nearly 80% of Seattle King County REALTORS®’’ (SKCR) endorsed candidates won during King County’s general election in November, according to a press release. 

Seattle No. 7 in nation for highest home prices

Home prices in Seattle saw little change from August to September, an indication of a seasonal slowdown in the local market. Earlier this year, Seattle-area home prices saw month-to-month increases between 3-5%, according to the latest S&P CoreLogic Case-Shiller Home Price Index. 

S&P CoreLogic Case-Shiller: Home-price gains take a pause

“If I had to choose only one word to describe September 2021’s housing price data, the word would be ‘deceleration. Housing prices continued to show remarkable strength in September, though the pace of price increases declined slightly.” — S&P DJI managing director Craig Lazzara.

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