Local News

Real estate news in Atlanta

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.

BPDA approves new Dorchester housing project

The mixed-use development will include a five-story, 30,524 square-foot building with 26 apartments, four of which will be income-restricted.

Are investors to blame for low housing inventory?

Investors across the country are looking to cash in on skyrocketing house prices and rents, putting them in competition with new buyers trying to work their way to homeownership.

Cape Cod market activity falls in October as inventory continues to decline

The Cape Cod housing market slowed down in October as the lack of housing inventory continued to decline.

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.

Massachusetts single-family listings fell 19% in October

Inventory constraints are pushing some potential buyers to rent, increasing competition and rent prices.

Boston home values rose 15.5% in October

While the housing market may be hotter than usual, the shift toward seasonal norms is starting to show and could benefit both buyers and renters. 

Redfin: Homebuying demand reaches all-time high

The demand for housing in the U.S. has reached a new all-time high since 2017, a rare occurrence for this time of year when the market typically slows. According to a Redfin report, a recovering economy and all-time low mortgage rates are critical factors in the current market. 

Coldwell Banker survey gauges importance of homeownership among Americans

As the economy recovers from COVID and the housing market gains traction, homeownership is top of mind for Americans, according to the latest survey from Coldwell Banker Real Estate LLC.

NAR Travel Club to provide travel discounts to members

The National Association of Realtors (NAR) has partnered with Panorama Travel Solutions to offer exclusive travel deals and discounts through the NAR Travel Club.

Miami No. 1 relocation destination among New Yorkers

As dramatic rent prices impact states across the nation, renters are searching for more affordable places to call home. Nationally, the median rent price is up over 16% since January, with some cities seeing double that, according to a recent Apartment List report.

Guaranteed Rate’s Shant Banosian funds $2 billion in loan volume

Banosian has funded $2 billion in total loan volume this year, becoming the company’s first loan originator to reach that milestone.

Drexel Village to transform Nubian Square’s Crescent Parcel into affordable housing, open space

Five years after it launched a planning initiative for Roxbury’s Nubian Square neighborhood, the BPDA voted to tentatively designate Drexel Village, LLC to develop the Crescent Parcel owned by the agency and MassDOT.

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.