Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those surveyed saying it’s a “bad time to buy” hit 64%, up from 56% last month and 38% last July. The latest HPSI explains: “Consumers also continued to cite high home prices as the predominant reason for … [Read more...]
Are we in a Bubble?
Lots of questions today out there around the topic of a Price Bubble. The question really is - are we in a Bubble on prices, like we saw in 2004-2007. Here’s the answer: A Bubble is a large run-up on prices that then peaks out and then falls back down. See the chart below that shows what a Bubble looks like. Notice in this charge, you can clearly see the ANGLE of price increase that occurred in the last Bubble. Very different from a gradual rise in prices like we have been on since … [Read more...]
April is Fair Housing Month
The Fair Housing Act is enforced by HUD – United States Department of Housing and Urban Development. If you feel if you have been discriminated against, you may contact them to file a complaint. Who Is Protected? The Fair Housing Act prohibits discrimination in housing because of: Race Color National Origin Religion Sex Familial Status Disability What Types of Housing Are Covered? The Fair Housing Act covers most housing. In very limited circumstances, the Act … [Read more...]
April 8th, 2021 Newsletter
Wow – our investor clients have been very active. We’ve identified 3 interesting investor plays and have had a ton of interest. 12 Properties have been purchased by our clients in the last 10 weeks. The Greater Atlanta Area has been profiled by quite a few investor gurus as a place to buy an investment (see the article here). We particularly like these three specific opportunities: A new home single-family community in Cartersville Georgia. Cartersville has appreciated at over 9% a year … [Read more...]
How to get your Buyer’s Offer Accepted
Currently, we are in a cutthroat sellers market. In our area, we are currently averaging a days on market of under a week. So what can be done to get that offer in and, more importantly, get accepted? If you look around there are a ton of suggestions: Know your must haves, your nice to haves, and what the difference is. Be prepared for a bidding war. Don't let your emotions get the best of you Get an agent to represent you. Use their expertise. Understand your Finances. Be … [Read more...]
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