Welcome to the Real Estate Backstory for May 17th, 2021. Each week we cover news, information and industry insights that impact the Atlanta, Georgia and National Real Estate Market. Key Points from This Week’s Backstory:
This week’s CE Classes on MX1Training.com.
News from GREC. Check out the changes being made to real estate Teams. Nobody is being grandfathered in.
Other news, you cannot show “coming soon” listings before they are active.
Pocket listings – sellers are suing agents for not exposing their house to the market.
South poised to see $1 trillion in homes sales in 2021.
Jobless claims fell again.
Small business – 59% trying to hire, 44% unfilled jobs.
Inflation is rearing its head again. Last time inflation moved this much was 1982 when interest rates were 16.9%.
Experts say mortgage rate declines won’t last.
32% of US homes considered equity rich in Q1.
Single family home prices rose in 99% of metro area in 2021 Q1.
Housing market update: new records set for prices, competition and speed.
New listings of homes up 53% from 2020, down 8% from 2019.
Active listings of homes for sale down 37% from 2020, down 48% from 2019.
Days on market hit a record low of 19 days.
48% of homes sold above list price.
The biggest hurdle for buyers? Winning a bidding war.
Thank you all so very much. Please let us know if we can be of service.
Alan Richardson Managing Broker – Maximum One Realtor Partners Maximum One Realty/Realtor Partners
alan@maxonepartners.com
http://www.maxonepartners.com
Office: 678-782-5050
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