ABR in the Press

Why Atlanta's housing market is outpacing the US as a whole
AJC Article quotes ABR President Todd Emerson | December 5, 2014

The city's housing market has also received attention. Residential property prices in metropolitan Atlanta grew 11.5 per cent in the 12 months to June this year, outpacing both Georgia (9 per cent) and the US as a whole (6 per cent), according to mortgage company Freddie Mac. "The market's definitely come back," says Todd Emerson, president of the Atlanta Board of REALTORS®.

Interest.com Study: Big-city housing often unaffordable
Philly.Com Article quotes ABR President-Elect Ennis Antoine | November 22, 2014

Ennis Antoine, president-elect of the Atlanta Board of REALTORS®, says prices have been pushed up by a tight supply of existing homes for sale. "We have barely four months of inventory," Antoine says. "A healthy supply for us would be six months."

Atlanta Board of REALTORS® Market Brief
A is for Atlanta Article quotes ABR Market Brief | November 18, 2014

The Atlanta Board of REALTORS® just released their latest market brief based on October's sales numbers. 

Home sales dip in October
AJC Article quotes ABR President Todd Emerson | November 17, 2014

In the 11-county area tracked by the Atlanta Board of REALTORS®, 3,609 single-family homes were sold, down 4 percent from September, according to the board’s monthly report released Monday. The median price was $208,000, also a slight decline from September, but up 11.2 percent over the past year. That is a “positive sign,” said Todd Emerson, board president. “The Atlanta housing market is in alignment with what we expect in a seasonally-based market.”

Atlanta Board of REALTORS® announces October data
Neighborhood Newspapers Article quotes ABR Market Brief | November 17, 2014

The Atlanta Board of REALTORS® Monday released its October Market Brief on residential housing statistics for 11 area counties in metro Atlanta. Market Brief, now compiled by First Multiple Listing Service, provides the only regionally focused synopsis of monthly sales and home prices for single family residential properties.

Home sales slip in September
AJC Article quotes ABR Market Brief | October 20, 2014

Home sales dropped in September, but are roughly the same as during the same month a year ago, according to the monthly report from The Atlanta Board of REALTORS®, which was released late Monday morning.

Home price rise fourth-fastest in Atlanta
AJC Article quotes ABR President Todd Emerson | October 7, 2014
For example, the most recent release of the S&P Case-Shiller Home Price Index showed Atlanta’s average home prices rising 6.7 percent from a year earlier. The median sales price of a metro Atlanta home was $225,000, according to the most recent report by the Atlanta Board of REALTORS®.
Foreclosure sales boost Atlanta housing
CNBC Article quotes ABR President Todd Emerson | August 28, 2014

Home sales in July were 2.5 percent lower than June, and 4.9 percent lower than July 2013, according to the Atlanta Board of REALTORS®.

"Overall, market conditions continue to remain favorable for a sustained and healthy real estate market in greater Atlanta. Median sales price and total home sales continue to hover at recent highs and inventory continues to rise," said ABR President Todd Emerson.

Metro Atlanta's Real Estate Market Holds Steady
WABE Interview with ABR President Todd Emerson | August 18, 2014

"All the indications are very, very favorable for a continued, thriving and sustainable housing market in Atlanta," says ABR president Todd Emerson.

But, there is room for improvement.

There are about 16,500 single-family residential properties on the market in metro Atlanta.

That comes to just under a five-month supply.

Emerson says a balanced market is a six-month supply.

"It really doesn't have anything to do with buyer confidence, it's just that we still have a limited supply of inventory.  We continue to add to the inventory and the good stuff comes onto the market and is moving very, very quickly and we're seeing lots of multiple offer situations in cases like that," says Emerson.

Atlanta home sales and prices fall in July
AJC Article quotes ABR President Todd Emerson | August 18, 2014

July home sales and prices in 11 metro Atlanta counties dipped slightly from June, the Atlanta Board of REALTORS® reported Monday.

The numbers could be adjusted upward if additional closings for the month get reported, as happened in June, said ABR President Todd Emerson.

"While sales for June initially reflected a decrease in sales year over year, the updated information based on additional reported closings now reflects a light increase over 2013," he said.

Emerson said the market continues to move slowly toward a balance between homes for sale and buyers.

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