If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and … [Read more...]
Financial Fundamentals for First-Time Homebuyers
Are you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home. Build Your Credit Your credit is one element that helps determine which home loan you’ll qualify for. It also impacts your mortgage interest rate. While there are many factors that go into your mortgage application, a higher credit score could … [Read more...]
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Real Estate Stats and Thoughts From Your Friends at Northwest Atlanta Properties
Our primary areas of service are below. The rise in interest rates has hit Northwest Atlanta Hard in terms of numbers of sales with our total number of sales down 39.6% ! Prices are holding up well (although the year over year increase has declined from a 24%+ growth to about 7%.) The days of multiple offers and bidding wars are largely behind us as homes are selling for 97.9% of their asking price compared to 101.8% a year ago. On the flip side, many equity-rich homeowners who bought or … [Read more...]
What Makes a House a Home?
There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too. Home means something different to all of us. Whether it’s sharing memories with loved ones at the kitchen table or settling in to read a book in a favorite chair, the emotional connections to our homes can be just as important as the … [Read more...]
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