Also sometimes stated as “Foreclosures are coming… so I’ll get a deal if I wait.” My answer is “No – buy now!” Why? Because demand is still so strong for investment homes and the months-of-remaining inventory still firmly shows we are in a Sellers’ Market. Our investors like to buy in three counties. All three: Cobb, Cherokee, and Bartow have a lack of inventory. The have 1.7, 2.2, and 2.0 months of remaining inventory (MRI) for homes priced under $400,000. This means that even with the … [Read more...]
The True Strength of Homeowners Today
The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, just how financially strong are homeowners throughout the country? Mortgage debt grew beyond 10 trillion dollars over the past year, and many called that a troubling sign when it happened for the first time in history. Recently Odeta Kushi, Deputy Chief Economist at First American, answered that … [Read more...]
Fall Home Selling Checklist
What Experts Say Will Happen with Home Prices Next Year
Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last. If you’re asking yourself: what’s ahead for the price of my home, know that experts are now answering this question, and its welcome news for homeowners who may have been led by the media to believe their home would lose … [Read more...]
Top Reasons Homeowners Are Selling Their Houses Right Now
Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house. Data shows 51% of homeowners have a mortgage rate under 4% as of April this year. And while it’s true mortgage rates are higher than that right now, there are other non-financial factors to consider when it comes to making … [Read more...]
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