Atlanta Real Estate News
Atlanta
Office Conversions on Pace to Double in U.S.
According to global property consultant CBRE, U.S. office conversions are on pace to more than double their recent annual average this year, with momentum picking up due to increased incentives and other support from state and local governments.
American Bankers See Weakening Credit Conditions Through End of 2024
Based on the American Bankers Association's latest Credit Conditions Index released this week, U.S. bank economists expect credit conditions to weaken over the next six months.
Driven by High Mortgage Rates, Pending Home Sales Drop 13% Annually in September
National property broker Redfin reports that U.S. mortgage rates are sitting near a two-decade high and U.S. home prices rose 3% year over year during the four weeks ending September 17, 2023, pushing monthly housing payments to an all-time high.
U.S. Home Sales Dip 15 Percent Annually in August
Existing-home sales moved lower in August 2023. Among the four major U.S. regions, sales improved in the Midwest, were unchanged in the Northeast, and slipped in the South and West. All four regions recorded year-over-year sales declines.
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