“Builders are entering 2022 with backlogs that they are having a hard time completing due to material and labor shortages, and new-home prices are sitting near a historic high.” — First American Deputy Chief Economist Odeta Kushi
The post High prices, construction bottlenecks crimp new-home sales in January appeared first on Atlanta Agent Magazine.
While rising interest rates may lead to more reductions in the housing supply, it may also bring some much-needed balance to the market.
The post Rising interest rates could bring balance to the housing market appeared first on Atlanta Agent Magazine.
The seasonally adjusted estimate of new houses for sale at the end of July was 378,000, representing a supply of 6.1 months at the current sales rate.
The post New-home sales rise in August appeared first on Atlanta Agent Magazine.
Income levels and mortgage rates gave homebuyers in June 129% more house-buying power than they had in 2006, according to First American Financial Corp.’s June Real House Price Index.
The post Home prices are 40% more affordable than at housing boom height appeared first on Atlanta Agent Magazine.
Income levels and mortgage rates gave homebuyers in June 129% more house-buying power than they had in 2006, according to First American Financial Corp.’s June Real House Price Index.
The post Home prices are 40% more affordable than at housing boom height appeared first on Atlanta Agent Magazine.