Union County

FMLS InfoSparks, Union County, Rolling 6-months as of December 2022 (year-over-year change compared to rolling 6-months as of December 2021)

1 Freddie Mac Primary Mortgage Market Survey. 6 January 2022.

2 Freddie Mac Primary Mortgage Market Survey. 29 December 2022.

3 Freddie Mac. “Quarterly Forecast: Rapidly Rising Rates & Declining Demand Driving a Housing Market Slowdown.” 21 October 2022. https:// www.freddiemac.com/research/forecast/20221021-quarterly-forecast-rapidly-rising-rates-declining-demand-driving-housing-market

4 Fannie Mae. “Housing Forecast: December 2022.” 12 December 2022. https://www.fanniemae.com/media/45801/display

5 Mortgage Bankers Association. “MBA Mortgage Finance Forecast.” 19 December 2022. https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/mortgage-finance-forecast-dec-2022.pdf?sfvrsn=b584bf7_1

6 FMLS InfoSparks, Months of Supply and Days on Market - Greater Atlanta Area (Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Rockdale, and Paulding Counties)

7 FMLS InfoSparks, New Listings - Greater Atlanta Area (Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Rockdale, and Paulding Counties)

8 FMLS InfoSparks. Greater Atlanta Area – All Home Types – New Listings. Retrieved 4 January 2023.

9 CoreLogic. “Higher Mortgage Rates Lead to Stong Lock-in Effect.” 9 November 2022. https://www.corelogic.com/intelligence/higher-mortgage-rates-lead-to-strong-lock-in-effect/

10 National Association of Realtors. 15 December 2022. “5 Reasons This Isn’t a Repeat of the 2008 Housing Crash.” https://www.nar.realtor/ magazine/real-estate-news/5-reasons-this-isnt-a-repeat-of-the-2008-housing-crash

11 CoreLogic. “Homeowner Equity Insights.” 9 December 2022. https://www.corelogic.com/intelligence/homeowner-equity-insights-q3-2022/

12 National Association of Realtors. “NAR’s Lawrence Yun Predicts U.S. Home Prices Won’t Experience Major Decline, Could Possibly Rise Slightly in 2023 if Mortgage Rates Remain at 7%.” 11 November 2022. https://www.nar.realtor/newsroom/nars-lawrence-yun-predicts-ushome-prices-wont-experience-major-decline-could-possibly-rise-slightly

13 National Association of Realtors. “The Year Ahead: Real Estate Forecast Summit.” 13 December 2022. https://cdn.nar.realtor/sites/default/ files/documents/2022-12-13-nar-real-estate-forecast-summit-the-year-ahead-lawrence-yun-presentation-slides-12-13-2022.pdf

14 Wall Street Journal. “Unemployment Falls to 3.4%, Lowest in 53 Years, Jobs Report Shows.” 3 February 2023. https://www.wsj.com/articles/ january-jobs-report-unemployment-rate-economy-growth-2023-11675374490

15 MarketNsight. December 31st Market Update.

16 MarketNsight. MarketWatch Atlanta December 2022.

17 FMLS InfoSparks. Average Sale Price – All Home Types, Greater Atlanta Area, December 2016 to 2022.

18 MarketNsight. December 21, 2022 Market Update.

19 FMLS, Greater Atlanta Area, Average Sale Price, All Home Types, January 2011 to December 2022.

21 National Association of Realtors. “NAR’s Lawrence Yun Predicts U.S. Home Prices Won’t Experience Major Decline, Could Possibly Rise Slightly in 2023 if Mortgage Rates Remain at 7%.” 11 November 2022. https://www.nar.realtor/newsroom/nars-lawrence-yun-predicts-ushome-prices-wont-experience-major-decline-could-possibly-rise-slightly

22 National Association of Realtors. “The Year Ahead: Real Estate Forecast Summit.” 13 December 2022. https://cdn.nar.realtor/sites/default/ files/documents/2022-12-13-nar-real-estate-forecast-summit-the-year-ahead-lawrence-yun-presentation-slides-12-13-2022.pdf

23 CoreLogic. “U.S. Home Price Insights – January 2023.” 3 January 2023. https://www.corelogic.com/intelligence/u-s-home-price-insights-january-2023/

24 Goldman Sachs. Why Home Prices are Poised to Fall. 6 October 2022. https://www.goldmansachs.com/insights/pages/why-home-pricesare-poised-to-fall.html

26 Fortune. “How home prices are expected to shift in over 300 housing markets, according to updated forecasts from Zillow and Moody’s.” 20 January 2023. https://fortune.com/2023/01/20/housing-market-home-price-2023-prediction-moodys-zillow-forecast/CoreLogic. “Quick Take: Appraisal Gap Normalizes Amid a Cooling Housing Market.” 7 December 2022.

27 National Association of Realtors. “On The Horizon: Markets to Watch in 2023 and Beyond.” 13 December 2022. https://www.nar.realtor/research-and-statistics/research-reports/on-the-horizon-markets-to-watch-in-2023-and-beyond Moody’s. “U.S. Housing and Housing Finance: What’s After the Boom?” 25 January 2023. https://www.moodys.com/newsandevents/topics/ US-Housing-Housing-Finance-Whats-after-the-boom-00704C

28 FMLS. Greater Atlanta Area. Pending and Closed Sales, All Home Types.

29 MarketNsight. January 30, 2023 Market Update.

30 Mortgage Bankers Association. “Mortgage Applications Increase in Latest MBA Weekly Survey.” 25 January 2023. https://www.mba.org/ news-and-research/newsroom/news/2023/01/25/mortgage-applications-increase-in-latest-mba-weekly-survey

FMLS. Greater Atlanta Area. Pending and Closed Sales, All Home Types.

31 Freddie Mac. Primary Mortgage Market Survey - U.S. Weekly Averages as of 1/26/23. https://www.freddiemac.com/pmms

32 National Association of Realtors. “NAR’s Lawrence Yun Predicts U.S. Home Prices Won’t Experience Major Decline, Could Possibly Rise Slightly in 2023 if Mortgage Rates Remain at 7%.” 11 November 2022. https://www.nar.realtor/newsroom/nars-lawrence-yun-predicts-ushome-prices-wont-experience-major-decline-could-possibly-rise-slightly

33 FMLS. Greater Atlanta Area. Closed Sales and Sale Price, 2017 to 2022.

34 U.S. Census American Community Survey, Atlanta-Sandy Springs-Roswell MSA, 2017 to 2021

35 FMLS. Greater Atlanta Area. Average Sale Price, 2017 to 2022.

36 Atlanta Regional Commission. Population Estimates: Progress out of Pandemic. https://33n.atlantaregional.com/population/population-estimates-2022-progress-out-of-pandemic

37 Atlanta Regional Commission. Atlanta Region 2022 Population Estimates (Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, and Rockdale Counties). https://atlantaregional.org/atlanta-region/population-forecasts-estimates/atlanta-region-population-estimates/

38 Barron’s. “Atlanta’s Housing Market Will Lead U.S. in 2023.” 14 December 2022. https://www.barrons.com/articles/atlantas-housing-marketwill-lead-u-s-in-2023-01671032900

39 U.S. Bureau of Labor Statistics. Unemployment Rates for Metropolitan Areas. November 2022. https://www.bls.gov/web/metro/laummtrk.htm

40 Atlanta Regional Commission. “A Tale of Telecommuting.” 10 January 2023. https://33n.atlantaregional.com/data-diversions/a-tale-of-telecommuting

41 Metro Atlanta Chamber. “Atlanta by the Numbers.” Retrieved 20 January 2023. https://www.metroatlantachamber.com/built-for-business/

42 Atlanta Regional Commission. “Where are all these people coming from (and going to)?” 6 July 2022. https://33n.atlantaregional.com/data-diversions/where-are-all-these-people-coming-from-and-going-to#:~:text=In%2DMigration&text=%E2%80%9COutside%20Metro%20 Area%20within%20U.S.,are%20the%20top%20origin%20places.

43 Realtor.com, Housing Inventory: Median Days on Market in the United States. Retrieved from FRED, Federal Reserve Bank of St. Louis, January 22, 2023. https://fred.stlouisfed.org/series/MEDDAYONMARUS

44 U.S. Bureau of Labor Statistics. Unemployment Rates for Metropolitan Areas. November 2022. https://www.bls.gov/web/metro/laummtrk.htm

45 U.S. Census Bureau. 2021 ACS 1-Year Estimates.

46 FMLS, New construction/under construction/to be built townhomes, ITP, Closed sales 7/1/22 to 12/31/22

47 FMLS, Closed sales for new construction/under construction/to be built townhomes, 7/1/22 to 12/31/22, Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, and Rockdale Counties

48 FMLS, New construction/under construction/to be built condominiums, ITP, Closed sales 7/1/22 to 12/31/22

Report photographs sourced from Engel & Volkers Atlanta real estate listings and licensed photos.