Local News
Real estate news in Atlanta
The third quarter was like a game of musical chairs for many who are abandoning large cities for more affordable areas of the country. See what’s happening in Boston.
“It’s not often that a home in Oyster Harbors hits the open market, let alone one of this caliber. Originally sited and built in the early 1950s, when regulations were not nearly as restrictive, the residence offers sweeping Westerly water views, as well as a swimming pool which is literally right on the beach,” selling agent Chuck Tuttle said.
“The slight decline in bidding wars (nationally) is largely a reflection of a seasonal cooldown, which typically starts in the late summer but was delayed by a few months this year,” said Redfin chief economist Daryl Fairweather.
“Sellers are responding to market demand listing their house, but inventory keeps dropping as buyer demand is at an all-time high,” — CCIAOR Ceo Ryan Castle
Transactions were down in September from the previous month, but not by much, and that’s good news.
“If sky-high prices continue to lure more sellers into the market, it could prompt the inventory rebound we’ve been waiting for — which would be welcome news for frustrated buyers.” — Javier Vivas, director of economic research for realtor.com
Amenities at The Cove include a pet grooming station, fitness room, media lounge, socially distant work-from-home areas and a resort-style pool.
The suburbs are becoming more alluring to residents of major cities as the COVID-19 pandemic continues into autumn.
See how Boston compares to other cities when it comes to apartment conversions.
This year, buyers encountered a 21% decrease in listings from the beginning of 2020, along with a 17% price increase to about $20,000 more than anticipated.
“Based on the rising popularity of the burbs, some buyers might think they can catch a break by searching in the city, but unfortunately that’s not the case,” realtor.com Chief Economist Danielle Hale said.
It was another week of firsts with the increase in home prices more than doubling the rate recorded in January 2020.
It’s a record-breaking year for a lender that’s accustomed to breaking records. Congratulations to Shant Banosian for funding over $1 billion home loans in under a year.
Home sales across the nation were up 4.3% year over year, making it the third best month for home sales in the 13-year history of the report.
A new report from the financial website Wallethub ranks each state on COVID-19 restrictions.
Serious delinquencies are expected to rise — particularly among lower-income households, small business owners and for those working in sectors hard hit by the pandemic.
