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The Forecast for the Atlanta Real Estate Market in 2024

Hank Miller Team

What is the forecast for the Atlanta real estate market in 2024? How can variables like local and national economic conditions, consumer debt, consumer confidence, the Fed, global supply chains, wars and conflict and a hundred other wild cards be corralled? From the peak, contracts and closings are significantly off.

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The nation’s housing market is on a correction course

Housing Wire

Boston — First District [Boston] contacts reported that higher mortgage rates had led to somewhat cooler demand for residential real estate, resulting in increased inventories in recent months. Philadelphia — On balance, contacts reported that sales traffic and contract signings for new homes fell modestly, more so for high-end houses.

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Pending home sales drop, but there’s a silver lining

Housing Wire

But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders. All four areas saw contract transactions increase from a year-over-year standpoint. January was illustrative.

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CITIES FACE DAUNTING OFFICE-VACANCY CHALLENGE

Will Springer Realtor

“Workers are in the driver’s seat now because they are in such short supply,” said Rossell, speaking to an international group of real estate professionals. Rossell also expects “significant” losses to occur for commercial real estate holders and that the issue of low office vacancies could drag on for decades.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 In many cases, the long lag time to complete projects is no longer from dreaded supply-chain issues. The National Association of Hispanic Real Estate Professionals issued its annual report in March. >> Seattle is ranked No.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Some might argue the cold is emanating from the near-frigid Q4 real estate market, knocking the bloom straight off the housing-market rose in our region. There is definitely a belief that home prices will go down,” noted Ali Wolf, chief economist for real estate consultancy Zonda. since October to $817.5K. LUXURY LIVING.