If you are trying to decide whether or not to sell your home right now, you’re not alone. Many of my clients are asking me this same question. Undoubtedly, some unpredictability in the market may be causing sellers to pause, but this still could be an excellent time to sell.
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With mortgage rates rising to the highest levels seen since 2009, some contraction in demand is expected this year.
However, I am still optimistic about the Atlanta residential real estate market. Growth and development can be seen throughout the city, yet the supply of residential real estate remains at record lows.
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Are you planning on purchasing a home in Atlanta this year?
If so, you’ll want to read this.
In order to save money, many clients ask me if it’s better to buy a fixer-upper in this market where home prices are high.
In certain conditions a fixer-upper could be a good option. But in the current economic and residential real estate environment a move-in-ready home may be your best choice. Read on to learn why.
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My story has been consistent over the last several months. It’s a competitive market in favor of sellers.
However, to be competitive and maximize the value of your home you have to have what buyers are looking for.
Here are the top 4 upgrades buyers are looking for when buying a home post-pandemic.
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Home prices continue to make all-time highs. Should you be concerned about purchasing a home at current prices?
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As you know, the housing market has been robust over the last six months. Redfin just reported that home prices had increased another 15% as of October 23rd, and 56% of its homes for sale went through bidding wars.
Much of this has to do with lower supply and higher demand, coupled with extremely low-interest rates.
So what should you do if you are in the market to buy? Should you wait and see prices level and supply increase? Or should you commit as prices continue to increase?
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New home construction is on a terror surging 22.6% in July.
Mortgage rates hit a record low in August of 2.88%.
If you are considering a new home, now is the time. Prices continue to rise back up to pre-pandemic levels and demand is rising with it, as seen with the surging new construction.
But right now we are in one of those rare moments where pricing is still leveling and interest rates are unbelievably low.
Carpe diem!
With that being said, here are my top four tips for getting the home you want right now?
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Like me, I’m sure most of you have been working from home during the pandemic. As cities begin to reopen I’m starting to assess how the big societal shifts that occurred will impact the residential real estate buyer and seller.
One shift that I believe will have an immediate impact going forward is the remote work trend, it seems to me that this trend is here to stay.
Below are my key takeaways on this trend going forward.
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As we start a new decade in 2020, I continue to see a healthy residential real estate market both nationally and locally. With ongoing low interest rates and the latest data analysis over the past three months, I believe we will continue to see a strong momentum going into the new year.
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Most likely, you are familiar with the fact that spring and summer are the busiest time of year for residential real estate. During these seasons, the housing market can be extremely competitive and lately sellers have been able to get top asking prices for homes.
However, wintertime is a different story. If you’re in the market for a new home and willing to take some extra time to look, then winter is a great buying opportunity due to decreased competition and lower prices.
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