Market Update

Market Update LEARN MORE ABOUT BUY DOWN PROGRAMS 12/02/22 Adam Buice with Pinnacle Mortgage shared some exciting news this week with our team. With interest rates fluctuating its important to lock into a rate soon. What if you could buy down that rate and refinance later? Buy Down programs are becoming more popular today. Adam discusses the 3/2/1 buy down programs that are […]
Market Update REAL ESTATE & MORTGAGE UPDATE 11/19/22 Wanted to reach out as let you know that if you are in the market to buy a home today we saw a dip in interest rates down to the low 6% range, and government loans like VA and FHA loans are in the mid to high 5% range in the past week. Additionally, […]
Market Update Why Our Market Is Normalizing 09/08/2022 Lots of people are talking about how prices are lowering. In my opinion, they just went up fraudulently, but why do I think that? Let me tell you a story about two nearly identical homes in our market.  House A and House B had the same floor plan, lot size, and location—they were right […]
Market Update What Happened in the Atlanta Market This July? 07/25/2022 The recent news headlines about the changing market have been sensationalized, and everyone seems to have a different perspective on the topic. Before you get caught up in the alarming housing market news, you must remember that real estate is local. To help you make the best real estate decisions, I’ll cover some significant […]
Market Update What Do Rising Rates Mean for Our Market? 06/30/2022 “What’s going on with interest rates?” I receive this question almost every day. In case you haven’t been paying attention, the Federal Reserve has been raising rates to combat inflation. What impact will this have on our housing market?  As mortgage interest rates rise, buyers’ purchasing power is negatively impacted. As a result, inventory […]
Market Update What’s Happening With Interest Rates? 05/10/2022 Why interest rates have increased dramatically and will continue to climb. Interest rates have risen considerably in the last few months. As of this blog post, they’re in the low 5% range for 30-year mortgages. They’ve gone up quite a bit, and we don’t expect them to go down.  The Federal Reserve has stated […]
Market Update LEARN MORE ABOUT BUY DOWN PROGRAMS 12/02/22 Adam Buice with Pinnacle Mortgage shared some exciting news this week with our team. With interest rates fluctuating its important to lock into a rate soon. What if you could buy down that rate and refinance later? Buy Down programs are becoming more popular today. Adam discusses the 3/2/1 buy down programs that are […]
Market Update You Can Still Sell in This Softening Market 08/08/2022 How do you price your home in a softening market? We’re heading into August, so school is starting, which is taking a few people out of our market. The key thing to understand is that it might be a little slower each month from now to the end of the year. If you plan […]
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Market Update Why You Shouldn’t Wait To Buy 01/04/2022 Here’s why waiting to buy a home may cost you in the long run. Looking to buy a home? Search all homes for sale Looking to sell your home? Find out your home’s value What is the cost of waiting? By the end of the year, we usually know what the Federal Reserve plans to do. […]
Market Update Why 2022’s Market Will be Fascinating 02/25/2022 Today let’s take a look at the forecast for the 2022 market. Right now, it looks like the word of the year will be “fascinating.” Inventory, interest rates, and inflation will all play a big part in our market. Here’s a look at what the future has in store for us:    Inventory in […]
Market Update Where Is the Atlanta Market Right Now? 11/09/2021 Here’s a snapshot of Atlanta real estate as we near the end of 2021. Looking to buy a home? Search all homes for sale Looking to sell your home? Find out your home’s value As we head into November, I wanted to quickly recap the latest news and numbers for Atlanta real estate. In September, the […]
Market Update When’s the Best Time to Sell Your Home? 05/27/2022 Is it better to list your home now or wait for the market to change? As a seller, if you can’t find what you’re looking for in your next home, should you list now or wait for the market to change?   The best time to sell your home is when inventory is low […]
Market Update What’s A Home Warranty? What’s A Home Warranty? A home warranty is a service contract, normally for one year, which helps protect home owners against the cost of unexpected covered repairs or replacement on their major systems and appliances that break down due to normal wear and tear. Coverage is for systems and appliances in good working order at […]
Market Update What if the Home Doesn’t Appraise? 04/26/2022 One of the topics that we regularly get asked in today’s market is, “What happens if the home doesn’t appraise?” It all depends on your area, price point, and what the market is doing. If you get multiple offers, you should negotiate so that there is no appraisal contingency. This way, if the home […]
Market Update What Happened to Our Market in 2021? 01/25/2022 Here’s what a crazy 2021 was like for buyers, sellers, and builders. Looking to buy a home? Search all homes for sale Looking to sell your home? Find out your home’s value It’s been 29 years since I started my career in real estate, and 2021 still managed to be one of the most interesting years […]
Market Update WHAT A HOME INSPECTION SHOULD COVER WHAT A HOME INSPECTION SHOULD COVER Home inspections will vary depending on the type of property you are purchasing. A large historic home, for example, will require a more specialized inspection than a small condominium. However, the following are the basic elements that a home inspector will check. You can also use this list to […]
Market Update TIPS FOR FINDING THE PERFECT NEIGHBORHOOD TIPS FOR FINDING THE PERFECT NEIGHBORHOOD Your neighborhood has a big impact on your lifestyle. Follow these steps to find the perfect community to call home. Is it close to your favorite spots? Make a list of the activities — movies, health club, church, etc. — you engage in regularly and stores you visit frequently. […]
Market Update TAX BENEFITS OF HOME OWNERSHIP TAX BENEFITS OF HOME OWNERSHIP The tax deductions you’re eligible to take for mortgage interest and property taxes greatly increase the financial benefits of home ownership. Here’s how it works. Assume: $9,877 = Mortgage interest paid (a loan of $150,000 for 30 years, at 7 percent, using year-five interest) $2,700 = Property taxes (at 1.5 […]
Market Update SPECIALTY MORTGAGES: RISKS AND REWARDS SPECIALTY MORTGAGES: RISKS AND REWARDS In high-priced housing markets, it can be difficult to afford a home. That’s why a growing number of home buyers are forgoing traditional fixed-rate mortgages and standard adjustablerate mortgages and instead opting for a specialty mortgage that lets them “stretch” their income so they can qualify for a larger loan. […]
Market Update Should You Buy During the Holidays? 12/09/2021 Here are three reasons why it’s a great idea to buy during the holidays. Looking to buy a home? Search all homes for sale Looking to sell your home? Find out your home’s value We often get asked whether people should buy a home at the end of the year during the holidays or wait until […]