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...]
July 12th, 2021 Newsletter
Here is our July 12th, 2021 Email Update about Real Estate in Northwest Atlanta! Good news for many investor owners – rents are rising! From the properties we manage we have seen rents rise dramatically. Rents in the city were up 10.9% from May 2020… and they are accelerating like a race car! Rents are up 5.7% in the past three months of the cycle, although this will likely slow down after school starts. What is causing this unprecedented rise? One factor is that the Low Inventory and Higher … [Read more...]
June 8th, 2021 Newsletter
Here is our June 8, 2021 Email Update about Real Estate in Northwest Atlanta May 2021 saw our Investor Purchase Market go dormant as there is nearly no product (for sale) to be purchased! We have one new builder who has delayed 5 months (now due to close in October.) The builder says the silver lining is the same home will be $51,000 more in October… so the buyer is getting a deal. If they can keep waiting. Supplies are hard to find – toilets, concrete, paint, drywall, and windows being … [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...]
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