Home sales in Atlanta ↓14.9% MoM, amounting to 4,896 properties sold. Sales volume measured at $2.37B, ↓ 17.4% MoM....
August 2023
Georgia home prices show significant upward trajectory, reflecting robust demand and limited inventory....
Check out our latest video - What's Going To Happen With Mortgage Rates: So you've undoubtedly seen some news concerning inflation and mortgage rates, as well as something about a Federal Reserve (the Fed) decision. You may be wondering what it all means for you, especially if you're considering purchasing a home. Allow me to break it down for you. The Housing Market and...
Plan your finances and consult an advisor before house hunting to set a budget within 30-35% of your income. Define must-have features based on lifestyle and plans to streamline the home-searching process after budgeting.Mortgage pre-approval helps serious buyers determine affordability, compare lenders, and gain a competitive edge....
Mortgage rates have been steadily increasing for the past six weeks, causing a slight dip in home purchases and an increase in the available inventory of homes for sale. The economy is strong and the Federal Reserve is expected to keep rates high for longer, further increasing monthly payments and making home buying less affordable. Inventory is expected to peak at the end of August, with 20% fewer...
This article discusses the financial obligations of both homeowners and renters, and how to determine if you can afford to buy a house. Homeowners have to pay more than just their monthly mortgage payments, such as taxes, insurance, and repairs. On the other hand, renters usually only need to pay their monthly rent and a deposit when they move in, along with optional pet or cleaning deposits. It is...
Avg home price/sq-ft in Middle Georgia increased to $123 from $118, reflecting recent growth. A 2,058 sq-ft home on Ashford Chase Court sold for $255K, indicating market activity. Figures based on sales from July provide current trend insight. Recent data suggests ongoing price fluctuations in Middle Georgia's housing market....
Homeowners pay $14,144 yearly, or $1,180 MoM, for bills, taxes, insurance, and maintenance on top of their mortgage. Nationally, property taxes, homeowners insurance, and utility payments avg $7,742....
Georgia's buyers can save $30K by building instead of buying a home. The estimated cost to build a home in Georgia is $365K. The median home price in Georgia is $395K....
Despite earning a salary of $100,000, which is higher than the national median household income, 49% of people still find it difficult to buy a home. The 28/36 rule suggests spending no more than 28% of your income on housing expenses and no more than 36% on total debt payments. This means that on a salary of $100,000, the mortgage payment should be no more than $2,333 and other debts should be no more...