The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” Let’s break down these two big issues in today’s housing market. Rate-Locked Homeowners According to the Federal Housing Finance Agency (FHFA), the average interest … [Read more...]
WHAT’S GOING TO INFLUENCE OUR NORTH GEORGIA REAL ESTATE MARKET?
WHAT’S GOING TO INFLUENCE OUR NORTH GEORGIA REAL ESTATE MARKET? From Your Friends at Northwest Atlanta Properties Housing Industry “Experts” analyze the market data to forecast what’s to come. We’ve rounded up a few of the most important predictions for you to consider, but before we get to it, let’s talk about the last 7 months. Median home prices peaked in June and declined steadily through January 31st. The year ended with the median price for a home in Northwest Atlanta. This set … [Read more...]
Spring into Action: Boost Your Home’s Curb Appeal with Expert Guidance
To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low. So, if a house has been sitting on the market for a while, that’s a sign it may not be hitting the mark for potential buyers. But here’s the thing. Right now, homes that are updated and priced at market value are still selling fast. Today, … [Read more...]
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