Local News

Real estate news in Atlanta

Second-home demand up 70% from pre-pandemic levels

Demand for second homes was up 70% from pre-pandemic levels in October, according to a new report from Redfin. This outpaced August’s 48% gain but was below January’s record 91% growth.

NAR Board of Directors meeting reveals statistics about member dues, operations

As of Sept. 30, the National Association of Realtors (NAR) had collected $229.6 in dues from its 1.542 million members, according to a RealTrends report.

Massachusetts single-family home sales plummet in October

Single-family home and condo sales in the Bay State dropped significantly in October, as median prices continued to climb.

Millionaire German shepherd to sell Miami mansion formerly owned by Madonna

The world’s wealthiest dog is about to get a little richer. Worth nearly half a billion dollars, the German shepherd named Gunther VI recently listed the former Miami estate of Madonna for $31.75 million, according to a press release.

Beacon Street project to bring housing for Boston Children’s Hospital patient-families

The 819 Beacon St. project will create 393 rental units, including 59 on-site affordable units and 53 institutional patient-family housing units in partnership with Boston Children’s Hospital.

Home values hit new highs as pandemic leaves many homeowners equity rich

Boston led the Northeast with its percentage of mortgaged properties categorized as equity rich in the third quarter. The Bay State also had two counties with the highest share of equity-rich properties. 

Former Alexandra Hotel condominium project approved

The project is the first to comply with the Boston Planning & Development Agency’s Affirmatively Furthering Fair Housing requirements.

Boston is the second priciest zip code in the United States

PropertyShark’s annual ranking of the 100 priciest zip codes in the U.S. ranked communities by closed home sales between Jan. 1 and Oct. 22.

Chatham home sale sets property sales record

A recent Cape Cod property sale set a record as one of the highest property sales in Massachusetts this year.

Boston developers required to do more to limit flood damage

City officials have implemented an updated zoning measure to prepare new and retrofitted development for future climate risks.

Atlanta, Houston real estate professionals elected to LGBTQ+ Real Estate Alliance executive roles

Atlanta’s Rodney Mason, who serves as vice president of mortgage lending with Guaranteed Rate, was named treasurer of the nonprofit, while Anita Blue, who works as an agent and credit restoration consultant at Cap Tex Realty, was named national vice president.

BPDA approves former Midtown Hotel 325-unit development project

The former Midtown Hotel will soon be replaced with a 10-story project bringing more than 300 housing units to Huntington Avenue.

Zillow: Most home buyers middle-aged, married, college-educated

The average American home buyer is 45 years old, married or partnered, college-educated and likely to purchase a home located in the South, according to Zillow’s 2021 Consumer Housing Trends Report.  Individuals ages 30-39 make up the largest population

New development review guidelines launched to reduce Boston’s traffic, congestion

Developments over 50,000 square feet are now required to adhere to new guidelines launched to reduce traffic and congestion in the city of Boston.

More homebuyers choosing to live in diverse neighborhoods

As more house hunters are opting to live in socially, racially and culturally diverse communities, developers are formulating strategies to list more inclusive properties on the market, according to a report by The Wall Street Journal.  Developers’ strategies include

Boston Housing Scorecard: Interest rates rise, pending home sales fall in October

Builder confidence was also down from a year ago.

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