Smyrna
REAL ESTATE
Metro Atlanta homebuyers searching for new houses as demand slows
Data: CoreLogic 2024; Chart: Jacque Schrag/AxiosHomebuyers continue to seek out new construction homes over existing houses in what's looking like another year of sluggish home sales nationwide, according to a recent CoreLogic report.Why it matters: As homeowners shy away from moving, some shoppers have sought more options or better deals on new construction, particularly in the Sun Belt.Although that juiced new home sales in 2023, the houses represent a relatively small part of the overall market.New U.S. home sales fell 7.7% in April from a year earlier, per census data.The big picture: Elevated mortgage rates are dampening the appeal, and affordability of home buying for many.Pending sales of existing U.S. homes plunged in April to lows not seen since the pandemic shutdowns, Axios' Courtenay Brown reports.That's tough news for people listing their homes in June, when researchers say sellers could make the most profit.What they're saying: "There is no real indication of widespread price drops or a substantial decline in interest rates," CoreLogic economist Thomas Malone wrote in the report, noting that strong rental demand could spur more investor home purchases.
Opinion: Then and now, Spalding Drive farmhouse to Cortland 1000 Spalding
A farmhouse once sat at 1000 Spalding Drive in Sandy Springs, where Peachtree Dunwoody Road meets Spalding Drive. In 1995 this became the location of Spalding Gables Apartments, which is now Cortland 1000 Spalding apartment homes. Lynne Byrd, on a mission to document all older homes and buildings in Dunwoody and parts of Sandy Springs in 1994, took photographs of the home, which she identified as a circa 1900 farmhouse.
Fate of Student Housing Development Near KSU Remains Uncertain
MARIETTA — On Tuesday, the Cobb Planning Commission sent a proposed five-story student housing development near Kennesaw State University to the Board of Commissioners without issuing a recommendation. The commission initially voted 3-2 to hold the request until August, with Chairman Stephen Vault and Commissioner Fred Beloin voting no. That vote came after the board split over a motion to deny the request, with Vault and commissioners David Anderson and...
Viking Capital Announces New Investment Opportunity in Atlanta
Viking Capital is pleased to announce its latest multifamily investment opportunity, Avondale Hills. This 2023-built, 240-unit Class A asset is strategically located just outside of Atlanta, offering significant upside potential with below-market rents and premium amenities. Investors can expect immediate rent increases of $200 to align with the market, enhancing the property's appeal.
TSB Realty Closes Sale of 330-Bed 100 Midtown Student Housing Community Located Near Georgia Tech Campus in Atlanta
PAOLI, PA - TSB Realty, LLC successfully completed the sale of 100 Midtown, a 118-unit, 330-bed luxury student housing property located near the Georgia Tech campus in downtown Atlanta, Georgia. Pope & Land Real Estate purchased the property from an undisclosed seller. In addition to TSB Realty brokering the sale,...
Stonemont Financial Group Secures Lease at Industrial Park in Chamblee, GA
Stonemont Financial Group, a private real estate investment firm specializing. in industrial development, acquisitions and net lease investments, and its venture partner Seven Oaks. Company announced today that they have signed a 45,000-square-foot lease with Aramark. Refreshments at Chamblee International Logistics Park in Chamblee, Georgia, outside of Atlanta. The. lease...
Down Payment Resource expands team to keep pace with a rising number of DPA programs
(ATLANTA, Ga.) — NEWS: Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with homebuyer assistance programs, today announced the addition of three new team members to support growing demand for down payment assistance (DPA) programs. “We’ve been in this business since 2008 and have...
Second Story at Broadstone Peachtree Corners: A Progressive Coworking Space
Second Story at Broadstone Peachtree Corners offers a unique coworking experience that blends work and leisure in a vibrant community setting. Developed by Alliance Residential Company, Second Story aims to meet the needs of modern professionals who seek flexible workspaces close to home. Vision and development. Alliance recognized the need...
A Gathering Place on Lake Rabun
From the water, you could barely see the house. Overgrown rhododendrons, vines, and pine trees were so tall that just the top floor of the wooden structure could be seen from Lake Rabun. Built in 1982, the home had been the centerpiece for the family of four siblings and their immediate families for decades. The small, unair-conditioned four-bedroom cottage could only accommodate so many, but the family would make do—taking advantage of the screened-in porch or throwing down sleeping bags anywhere they could find space inside. “It gave us a place to all gather as a family,” says the wife. “So we never thought too much about how small it was for so many people. But looking back, nothing about the house made sense for a large group of people.”
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