Atlanta-based Citizens Trust Bank announced a new down payment assistance program for borrowers purchasing affordable homes. The grant offers up to $2,000 to eligible buyers looking to purchase affordable housing. Citizens says its goal is to help more Americans reach their homebuying dream, considering that saving for a down payment in a high inflation, high…
By KIMBERLEY HAAS The co-founder and CEO of a platform that provides cash flow based financing to real estate entrepreneurs says there are opportunities arising for commercial property owners and managers. Derrick Barker said in a recent interview with The Mortgage Note that he predicts there will be a deleveraging throughout the nation in 2024,…
By SCOTT KIMBLER As business models in major cities have changed in the post-Covid economy, Atlanta is holding its own as companies and commercial property owners rethink the modern workplace. Many companies in the metro Atlanta area have altered the workplace to a hybrid model, a work-from-home model, or even a don’t come in at…
By SCOTT KIMBLER As the debate about returning to the office continues nationwide, people in the city of Atlanta and its surrounding communities are adapting to the reality that hybrid and remote work are likely here to stay. Over six million people live in the Atlanta Metropolitan Statistical Area, which has long been a hot…
By SCOTT KIMBLER Metropolitan Atlanta is the largest housing market in the Southeast and the city is leading the country in the trend of neighborhoods being built solely for the purpose of renting out single-family homes. This trend appears to be new as corporate investing in real estate has grown exponentially in recent years, but…
Powerbuyer Ribbon, now owned by sale-leaseback platform EasyKnock, is reintroducing its all-cash offer product to Atlanta and Charlotte. RibbonCash offers temporary financing for cash offers, a powerful model during the housing boom that allowed it to expand to multiple states. But last year brought two rounds of serious staff cuts, with the company retaining only…
By KIMBERLEY HAAS Professional opportunities, affordability, and fun in the country’s cities are being measured as commencement ceremonies wrap up nationally and Atlanta is coming out on top as the best place for college graduates to move to. Earlier this week, WalletHub named Atlanta, Georgia, the best city to start a career after comparing the…
Rents have been rising nationwide, squeezing Americans hoping to save for a down payment or to reduce debt. But a new analysis from the Bank of America Institute found that renters in the Sun Belt have felt the worst of it. Median rent payment growth in Sun Belt cities like Phoenix and Tampa outpaced Western…
By KIMBERLEY HAAS Leaders in the industry are committed to giving back during the holiday season and throughout the year. It was announced earlier this month that Down Payment Resource in Atlanta, Ga., will help a family in Memphis, Tenn., attain their homeownership dreams by donating $10,000 to the Homeownership Council of America’s Equity Down Payment Assistance…
By KIMBERLEY HAAS The housing market traditionally cools during the holiday season as people focus on family and friends but industry leaders say it is a good time for potential sellers and buyers to weigh their options. After mortgage rates recently surged above 7%, real estate activity and consumer sentiment took a nosedive. Home delistings…
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