Falling mortgage rates and more inventory could mean an improvement in housing affordability in the new year.
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Category: Current Market Data
GAMLS: Atlanta median sales price rises year over year in November
The pace of home sales, however, fell, Georgia MLS reported.
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Atlanta Housing Scorecard: Inventory, sales and starts fall
At the same time, days on market remained flat, at 43.
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Homebuyer demand remains resilient, despite rates, shrinking listings
Last month, homebuyer demand showed its resilience, despite mortgage rates being at a 23-year high and inventory continuing to be limited.
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GAMLS: Atlanta median sales price rises in October
At the same time, the pace of sales continued to slow.
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Home sellers slash prices by record number
A record number of home sellers are dropping their prices as buyers continue to feel the impact high mortgage rates are having on their wallets.
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New-home sales jump in September despite interest rates
The median price of a new home sold during the month fell to $418,800 from $433,100 in August, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
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Atlanta REALTORS®: Median-sales price rises 2.5% in September
At the same time, home sales dropped 20.3% to 4,371 transactions.
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Short supply helps drive existing-home sales to 13-year low
The median existing-home price for all housing types in September was $394,300, up 2.8% from $383,500 in September 2022.
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Housing starts rebound in September after August dip
Specifically, single-family homes were built at a seasonally adjusted annual rate of 963,000, up 3.2% from 933,000 in August and up 8.6% from 887,000 a year earlier, according to government figures.
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