What’s Ahead for Real Estate in 2014

Friday, January 10, 2014

ImageWhere does the time go? I can hardly believe that it is already the end of the first full week of January 2014. We have hit the ground running. However, new challenges await us this year. First and foremost, we have buyers looking for new homes and they are having a difficult time finding what they want. There is a shortage of inventory in several price points in our area of North Atlanta. So….if you have been thinking about selling in the spring now might be the best time to call us.     

There were two big developments in the 2013 housing market……Increased Home Prices and Increased Interest Rates. 

In 2014, we are going to see much of the same…prices will increase, although probably not at the same rate as they did in 2014, and interest rates will continue to go up.  

However, unlike in 2013, we think interest rates are going to play a bigger role this year in the overall market. As rates increase they will have a more dramatic impact on the overall affordability of a house for buyers and potential value of a property for sellers. The higher the interest rate the less a buyer can afford to borrow….and the less you may get for your house. 

Again, if you are considering buying or selling this year, there may be some significant advantages to making the decision sooner than later. To talk about local market trends, your real estate goals, and how we may be able to assist you, please call me at 678-907-9155. 

Advertisements

This Month in Real Estate

Monday, August 29, 2011

http://www.youtube.com/p/70FB5BC074D3E360&hl=en&fs=1


Sellers are motivated!

Wednesday, March 9, 2011

When supply exceeds demand, buyers have the upper hand—and that’s where we are now! The current supply of homes for sale now stands at 12.5 months, meaning that at today’s pace of home sales, it would take twelve and a half months for the existing inventory to sell. For you as a buyer, this means lots of choices, lots of negotiating power and that smart sellers are fiercely competing for your business, both in terms of the price and the condition of their homes. For more reasons why now is prime time to buy a home, contact me and I’ll send you a free ebook.


Mortgage rates are at rock bottom and won’t stay there forever!

Wednesday, February 16, 2011

The national average on a 30-year fixed-rate mortgage dropped to 4.36 percent in August 2010—lower than it’s been in the past half century. Interest rates for the same time last year average 5.19 percent, representing a difference of $90 in the monthly payments on a $200,000 home with 10 percent down, as well as a savings of $32,400 over the life of the loan. For reason why now is prime time to buy a home, contact me and I’ll send you a free ebook.


Buyers have the edge!

Sunday, February 6, 2011

According to Lawrence Yun, chief economist from the National Association of REALTORS, “Home buyers over the past year got a great deal, and buyers for the balance of this year have an edge over sellers. Affordability could reach a generational high in the second half of this year because of rock-bottom mortgage interest rates, helped partly by the Fed’s very accomodative monetary policy.“ For more reasons why now is a prime time to buy a home. Contact me and I’ll send you a free ebook.


It’s prime time to buy a home!

Sunday, January 30, 2011

I just read a great ebook called “7 Reasons Why Now Is a Great Time to Buy a Home! It’s filled with positive, exciting information to help buyers seize the incredible market opportunities available to them right now. Over the next seven weeks, I’ll be sharing key excerpts from this ebook with you in my blog. For a free copy of this ebook, contact me and I’ll send it your way.


Time for a new “pad”?

Saturday, January 29, 2011

Looking for a new PAD in North Atlanta?

CLICK HERE to find your perfect “pad” in North Atlanta!