Local News

Real estate news in Atlanta

NAR applauds President Biden’s nomination of FHFA director

The National Association of REALTORS®  applauded President Joe Biden’s nomination of acting Federal Housing Finance Agency director Sandra Thompson to serve in a permanent capacity.. “Her talents and experience will benefit the enterprises, homeowners and home buyers and the mortgage-financing ecosystem,” NAR President Leslie Rouda Smith said in a press release.

Harris ranked state’s fastest-growing county

Three of the 10 fastest-growing counties in Texas are in the Houston metropolitan area, according to a recent Stacker report.

NAR donated nearly 3,500 meals to Americans in last six months

As part of an ongoing relationship with the Food Recovery Network (FRN), the National Association of Realtors provided roughly 3,475 meals to Americans in the past six months, according to a press release. 

Houston’s Asset Living acquires Atlanta-based apartment-services firm

JMG Realty provides management, redevelopment, financial and investment services for multifamily, affordable and build-to-rent real estate properties to both private and institutional owners.

Jordan Ranch adds more than 400 lots

Jordan Ranch recently increased its developed homesites by nearly 40% with the release of 415 properties. The new sections accommodate a wide assortment of home designs ranging from 40-70 feet wide.

Survey: Millennial homeowners most burdened by debt, homeownership costs

Millennials are at the greatest risk of becoming house-rich and cash-poor as the generation is spending the highest percentage of their monthly income on homeownership costs compared to other generations, according to a new Hometap report.

Coventry Homes expands offerings in Escondido

Coventry Homes announced plans to expand into the Magnolia community of Escondido, where it will offer more extensive floor plans priced from the mid $300,000s. Sales launched this week, according to a press release. 

New home listings gained traction after Thanksgiving, still down from 2020

While Houston saw an increase in new home listings after Thanksgiving, numbers for the week ended Dec. 6 are still trailing behind the same time period last year, down 6% compared to 2020.

Master-planned Audubon moves into second phase with new builders

Nearly 100 new homesites are available in the 3,000-acre community of Audubon, where Drees Custom Homes and Perry Homes recently launched sales, according to a press release. Empire Communities will join Drees and Perry as the community’s third newest builder.

Bspoke Title Holdings opens boutique residential, commercial office in Houston

Bspoke Title Holdings recently announced the addition of a new boutique residential and commercial title office. Located at 1885 Saint James Place, Magnolia Title is Bspoke’s first location in Houston.

HAR: Seasonal slowdown nonexistent in Houston real estate

Houston’s real estate activity was unusually high in November despite the Thanksgiving holiday, even as inventory hovered at historically low levels. Renters also brought much-needed business back to the lease market following slight declines in October. 

Houston new construction shortfall tops 64,000 homes

There may be a construction boom, but builders still have a lot of ground to make up from a decade of underbuilding, according to a new report from Zillow.

Survey: Americans are ‘chasing the sun’ to Florida and Texas

A movement sparked by the pandemic is causing Americans to pack up and relocate. As it turns out, Florida and Houston are top-ranking destinations for many people. 

Mobile homes appeal to young and middle-class buyers as home prices surge

With home prices continuing to reach new heights  across the country, many potential homebuyers are seeing the mobile-home market in a brand new light as single-family home prices become less affordable for young and middle-class buyers. 

CoreLogic: Could 2021 be the first multi-trillion dollar real estate market?

As more money is being spent on real estate than ever before, the booming market is on pace to shatter records this year, according to a recent CoreLogic report.

FHFA announces conforming loan limits for Fannie and Freddie mortgages

The Federal Housing Finance Agency (FHFA) recently announced its 2022 conforming loan limits (CLL) for conventional loans acquired by Fannie Mae and Freddie Mac.

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