IS THE HOUSING MARKET BUBBLE ABOUT TO BURST? From Your Friends at Northwest Atlanta Properties Questions we’ve been asked lately: “What’s going on with housing prices?” “Why should we buy now when the market is sure to decline?” “Is the housing bubble about to burst?” We hear these questions quite a bit from people nervous about the economy, bank failures, real estate, employment, and other sectors. When it comes to housing, in our opinion, there are a lot of buyers still hot on the trail … [Read more...]
Why Today’s Foreclosure Numbers Are Nothing Like 2008
You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today. According to a recent report from ATTOM, a property data provider, foreclosure filings are up 6% compared to the previous quarter and 22% since one year ago. As media headlines call … [Read more...]
The Three Factors Affecting Home Affordability Today
There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s determined by a combination of mortgage rates, home prices, and wages. Considering how each one of these factors is changing gives you the full picture of home affordability today. Here’s the latest. 1. … [Read more...]
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