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Economic uncertainty could benefit Atlanta's housing market | FOX 5 News

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www.youtube.com – FOX 5 Atlanta – 2025-04-27 20:03:19

SUMMARY: Economic uncertainty is impacting Atlanta’s housing market, with nearly two-thirds of sellers offering concessions to buyers in 2025, according to a Redfin report. High housing costs and increased supply contribute to this trend, positioning Atlanta behind only Seattle and Portland in seller concessions. These concessions may include assistance with repairs, closing costs, or mortgage rate buy-downs. Realtor David Johnson notes that the market is becoming more balanced, contrasting with the seller-favored conditions during the pandemic. Current mortgage rates average 6.8%, leading some buyers to pause their searches amidst the economic climate.

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According to Redfin, more than 61% of Atlanta sellers are offering concessions to buyers. Redfin characterizes concessions as something the seller provides to bring down the buyer’s total cost — like money toward repairs, closing costs or mortgage rate buydowns. FOX 5 Atlanta’s Alli Levine has more.

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News from the South - Georgia News Feed

Two Israeli embassy staff members shot and killed near DC Jewish museum

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www.wjbf.com – The Associated Press – 2025-05-22 04:42:00

SUMMARY: Two Israeli embassy staff members, a man and a woman, were fatally shot outside the Capital Jewish Museum in Washington, D.C. after an event. The suspect, Elias Rodriguez, 30, of Chicago, was apprehended at the scene and reportedly chanted “Free Palestine.” The victims were a young engaged couple. Authorities, including Attorney General Pam Bondi, condemned the attack as antisemitic, with Israeli and American leaders expressing solidarity and mourning. The museum had recently enhanced security due to concerns over threats related to its Jewish identity and new LGBTQ exhibit. The Jewish Federation of Greater Washington condemned the violence and offered condolences.

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News from the South - Georgia News Feed

SNAP changes proposed in GOP's 'big, beautiful bill.' Here's what to know

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www.wsav.com – Alix Martichoux – 2025-05-21 22:40:00

SUMMARY: Congressional Republicans are pushing the 1,116-page “One Big Beautiful Bill Act,” which includes sweeping changes to taxes, student loans, Medicaid, deportations, defense, and federal nutrition programs like SNAP. The bill proposes cutting SNAP funding by $267 billion over ten years, shifting 5% of benefit costs and 75% of administrative costs to states, with increased financial penalties for states with high payment error rates. Work requirements would extend from ages 18-54 to 18-64, and only caregivers of children under 7 would be exempt. While touted by Trump, Democrats oppose it, calling it extreme. The bill faces challenges before becoming law.

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News from the South - Georgia News Feed

Survey shows growing number of people use short-term loans to by groceries

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www.youtube.com – 11Alive – 2025-05-21 22:31:48

SUMMARY: A growing number of Americans are using “buy now, pay later” loans to purchase groceries, as rising food prices strain household budgets. A recent Lending Tree survey reveals 25% of people are using these loans for food, nearly double from last year. While these loans can seem attractive due to no interest and no credit checks, late payments are rising, with 41% of users missing payments, which can lead to financial troubles. Experts suggest budgeting carefully and tracking loans to avoid spiraling debt. As demand increases, services like DoorDash are also offering payment plans starting June 1st.

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A new survey from LendingTree reveals that 1 in 4 buy now, pay later users are using the loans to buy groceries, nearly double the number from last year.

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