Source: www.bizjournals.com (Phil W. Hudson)
Source: Market Watch (Holden Lewis)
The housing picture is likely to improve in 2018:
- Home prices are expected to climb, but not as fast
- More houses could be for sale toward the end of the year, giving home buyers a greater selection to choose from
- Homeowners will have more equity to borrow from
Source: Realtor.com (Lew Sichelman)
Recent waves of outside-the-box ideas in housing have brought us teeny-weeny homes, converted shipping containers, prefab modern palaces, and co-housing apartments with luxe perks for millennials.
But the latest “it” homes with builders and buyers have actually been around since the 19th century.
Townhouses, those classic rows of attached single-family homes that are a fixture in American cities and suburbs alike, got a second wind in the 1960s. That’s due to folks scooping up these existing, and often inexpensive, older abodes as they moved back into the big cities. And now the lovechild of a condominium and standalone house is back again and hotter than ever with both buyers and builders.
Source: www.housingwire.com (Brena Swanson)
For the majority of this year, the housing market could not get past low inventory levels, which were continuously cited as the main road block to a fully healthy housing market. Next year should be better, according to the newly release forecast from the National Association of Realtors, but it’s going to take time.
During the residential housing and economic forecast session at the 2016 Realtors Conference & Expo, Lawrence Yun, chief economist of the National Association of Realtors, and Dennis Lockhart, president and CEO of the Federal Reserve Bank of Atlanta, discussed the 2017 housing and economic forecast, along with the economic conditions that support the housing sector Continue reading
Source: Atlanta Business Journal (Phil W. Hudson)
October saw a significant drop in home sales from September, typical of fall months.
The Atlanta Realtors (ARA) released its October 2016 Market Brief, compiled by First Multiple Listing Service (FMLS), and found October residential sales were at 4,105, a decrease of 0.2 percent from the previous year and a 15.4 percent drop from last month.