There is a lot of uncertainty in the overall economy, and it’s easy to see that uncertainty trickle down into the real estate market. However, given the widespread supply shortages, I don’t foresee any significant downside changes to the price of homes in the near term. But with rising rates and prices at all-time highs, we could see home prices start to flatten.
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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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News headlines have been stating that there is a slowing down of the residential real estate market but here in Atlanta that is not the case.
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Spring rapidly approaching and we are entering one of the busiest times of year for residential real estate.
With Atlanta’s rapidly growing population and healthy job market, there is no shortage of home buyers looking to optimize their living in one of Atlanta’s many unique intown neighborhoods.
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Spring is right around the corner. For residential real estate, spring typically brings increased activity in the market. This spring should be no different given the high demand and low inventory in the market.
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2021 has been a stellar year for the residential real estate market in Atlanta. We continue to have one of the fastest-growing big city markets in the country and I don’t see that changing in the near future.
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Despite much of the uncertainty over the last two years, the Atlanta real estate market has been highly resilient and remains one of the top markets in the country.
Because of the extraordinary performance, I am frequently asked whether or not we can expect this resilience and performance in 2022.
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If you are ready to sell your home, you don’t need to wait until springtime. Winter can be a great time to be a seller.
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Whether or not the extremely low mortgage rates are behind us remains to be seen. Nevertheless, potential future rate increases do not seem to be holding back the market.
And if rates do continue to creep up, they are only forecasted to be around 3.5% towards the end of 2022.
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