The COVID pandemic has caused a shakeup in where, and how, many people work. That has helped propel a thriving housing market.
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Year over year, however, pending home sales were up 57.1%, the NAR said, citing its monthly Pending Home Sales Index.
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The short supply continued to drive increases in the price of homes, with the median existing-home price for all housing types rising 19.1% year over year to $341,600.
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In Atlanta, the median sales price of a single-family home jumped 18.4% on a year-over-year basis to $279,300, the National Association Realtors said, citing its quarterly report.
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“A credit report and credit score are the gateway to a mortgage,” — NAR President Charlie Oppler.
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Low barrier to entry: It’s one of the best things about the real estate industry — and also one of the worst.
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The barrier is not so much getting into real estate — it’s staying in.
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“The demand for a home purchase is widespread, multiple offers are prevalent, and days-on-market are swift, but contracts are not clicking due to record-low inventory.” — NAR Chief Economist Lawrence Yun
The post Pending home sales dip in February in the South appeared first on Atlanta Agent Magazine.
The National Association of Realtors sends a message to members that it is working to ensure that the proposed Protecting the Right to Organize Act will not hurt their status as independent contractors.
The post NAR: ‘Don’t panic, keep contracting’ appeared first on Atlanta Agent Magazine.
Eighty-eight percent of all homebuyers said they used an agent as a source of information during their search, and 91% of millennials age 22 to 30 said the same.
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