As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. According to data from CoreLogic, home price appreciation has been re-accelerating since November. The graph below shows this increase in home price appreciation in green: This is … [Read more...]
Don’t Let Rising Inflation Delay Your Homeownership Plans
THE Northwest Atlanta Real Estate Market is Changing
With the dramatic rise in mortgage interest rates this year from 3% to above 5% and the continued price increases for homes being purchased it now costs almost 50% more to own an “average” home this year than last. Add this to 121 consecutive months year over year increases. Many investor owners are asking what next? The potential shift in the market was a hot topic on conversation at the National Association of Realtors (NAR) Mid-Year Legislative meeting that I had the honor of attending … [Read more...]
The One Thing Every Homeowner Needs To Know About a Recession
A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value. The National Bureau of Economic Research (NBER) defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A … [Read more...]
How Homeownership Can Bring You Joy
If you’re trying to decide whether to rent or buy a home, you’re probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons you want to make a purchase if you’re a renter, but the decision can also be motivated by having a place that’s uniquely your own. If you want to express yourself by upgrading and customizing your living space but are feeling held back by your rental agreement, it might be time to consider the perks of owning your … [Read more...]
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