Local News
Real estate news in Atlanta
While masks and social distance requirements may eventually fall by the wayside, much of the new real estate technology that has surfaced during the pandemic is likely to stick around for the foreseeable future.
Home-price growth remained in double digits for the 10th straight month in May as inventory lows pushed the median listing prices up 15.2% from last year.
City life is reawakening after a year marred by the pandemic, but that doesn’t mean the resurgent demand for homes in the neighboring suburbs is coming down any time soon.
The pace of housing-price gains in Chicago quickened in March, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which showed a 1.9% increase from February and a 9% increase from a year earlier, compared to a gain of 0.2% the previous month.
Housing records continue to be broken, but despite the strong numbers, data could indicate homebuyer demand is reaching a peak.
Residential property equity continued to grow in the first quarter of 2021, with one in three homes considered equity rich.
Two-thirds of Chicago homes sold on Redfin faced bidding wars in April.
In Chicago, the median sales price of a single-family home jumped 16% on a year-over-year basis to $303,500, the NAR said, citing its quarterly report.
Multifamily rents rose nationally in April indicating ongoing recovery from the pandemic, according to the latest Yardi Matrix Multifamily National Report.
“With the surge in closings due to the heated housing market, the Orland Park office is opening at the ideal time and further supports our aggressive plans for expansion.” — Kim O’Donnell, Proper Title vice president of business development
Low mortgage rates and low inventory levels are making the demand for homebuilding more attractive to buyers in Chicago and nationwide.
Private equity-backed Cairn Real Estate Holdings LLC acquired Frisco, Texas-based brokerage and franchisor JP & Associates Realtors and JPAR Franchising. JP & Associates and JPAR Franchising have more than 3,300 agents working in 61 offices in 23 states and
In 40% of metro areas analyzed, first-quarter home prices hit new peaks or tied previous ones, according to ATTOM Data Solutions’ first-quarter 2021 U.S. Home Sales Report.
The Chicagoland luxury market was among the “most robust and diverse high-end property markets in the United States,” according to a new report by Coldwell Banker.
Homes stayed on the market for 17 days less than they did last year, at an average of 34 days.
Nationwide, the seasonally adjusted housing index rose 1.1% month over month in February and 12% year over year, up from monthly and yearly increases of 0.8% and 11.2% in January, respectively.