If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one. Inflation and the Housing Market This year, inflation reached a high not seen in forty years. For the average consumer, you probably felt the pinch at the gas pump and in the grocery store. It may have even impacted your ability to save money to buy a home. While the Federal Reserve is working hard to lower inflation, the August … [Read more...]
“Should I wait until the market crashes until I buy another investment property?”
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...]
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