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Category: Daryl Fairweather
Atlanta rents, mortgages both on the rise and breaking records
Rising prices and rates are driving up mortgage payments which are pushing up demand for rentals.
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Homeowners face record supply shortages entering 2022
Despite the record low number of homes for sale, prices and pending sales continue to rise.
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Inflation has buyers and sellers rethinking their plans
Inflation concerns are influencing plans for homebuyers and sellers, according to a recent Redfin survey.
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Median home prices reach an all-time high
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Home prices hit a record high as supply drops to a record low
Despite those challenges, there are signs the market continues to shift toward more seasonable norms.
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Affordable home supply jumps as mortgage forbearance programs end
The supply of affordable homes on the market rose a record 13% in the third quarter as mortgage forbearance programs ended, prompting low-cost homeowners to put their properties on the market.
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September saw fewer homes sold, another increase in prices
Lack of inventory continues to restrict home sales as fewer homes sold in September, and closed home sales dropped.
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Asking prices reach an all-time high as the market cools
Asking prices for homes reached an all-time high in September, despite pending sales and new listings cooling.
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August pending-home-sales growth slowest since June 2020
Pending home sales in August rose just 9%, the slowest growth since June 2020, according to a new Redfin report.
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