Homebuyer competition is driving up prices, as inventory constraints continue to plague the real estate market.
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Author: Liz Hughes
Home price growth slows as inventory fell in May
Atlanta’s listings grew 25.4% from last year.
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Sellers making concessions to buyers has doubled since 2022
The number of Atlanta sellers making concessions to buyers is up from last year.
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The spring market is a seller’s market as demand rises, supply remains low
Atlanta’s April average home value rose while pending sales fell from March.
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Redfin Launches ChatGPT plug-in to help buyers find a home
Redfin has launched a ChatGPT plug-in to help buyers find their new home, a potentially powerful tool in their arsenal as today’s homebuyers work to find the perfect home.
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High interest rates have homebuyers looking for ways to save
As affordability remains a concern, some buyers are purchasing mortgage points.
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Despite fewer sales, it’s a seller’s market in parts of the U.S.
New listings are still in short supply, falling 21.8% from last year.
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Shant Banosian named Scotsman Guide’s top originator of 2023
This isn’t the first time Banosian topped the rankings. In 2020, he earned the No. 1 spot with $915.7 million in business during 2019.
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Guaranteed Rate Companies named Scotsman Guide’s 2023 top mortgage originator
The list includes 206 originators from Guaranteed Rate in the top dollar volume category, and 220 originators in the most loans closed rankings.
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High mortgage rates make million-dollar homes less common
As rising mortgage rates cool the market, the share of U.S. homes worth at least $1 million has fallen from an all-time high last year.
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