Average mortgage rates in August continued their steady decline and are now at their lowest rate since last November. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.59%, 13 basis points (bps) lower than July. Meanwhile, the 15-year rate declined 15 bps to 5.71%. Compared to a year ago, the 30-year rate is higher […]

If you’ve driven around Atlanta lately, you’ve likely seen the signs—literally. Directional signs, new construction banners, and “Now Selling” flags are popping up across the metro. And that’s no accident. Atlanta’s home builders are stepping up in a big way, shaping the city’s future one neighborhood at a time. Builders Are Responding to DemandWith more […]

A limited amount of existing inventory along with solid demand helped new home sales end the year on an up note, even as buyers continue to grapple with housing affordability challenges. Sales of newly built, single-family homes in December increased 3.6% to a 698,000 seasonally adjusted annual rate from an upwardly revised November number, according […]