Investors should focus on property value over interest rates....
2023
The first step in ensuring you pay the correct property tax amount is to file for exemptions....
The housing market in September showed a decrease in actively listed homes, newly listed homes, and total unsold homes compared to last year. However, the median price of homes for sale increased slightly, and the inventory of homes for sale increased from August. Despite this, total listings were still 12.2% lower than the same time last year, leaving buyers to contend with higher listing prices,...
Mid-Q3 saw a slowdown in Real Estate activity, while the housing market experienced rising prices and decreasing inventorySales and Inventory: New Listings: ↓7% to 16,054 Pending Sales: ↓15% to 10,640 Closed Sales: ↓12% to 11,468 Inventoary: ↓4% to 27,387 Prices and Days on Market: Median Sales Price: ↑3% to $356,688 Average Sales...
Last week, US mortgage rates topped 7.5%, the most since mid-August, and applications for home purchases tumbled to a multi-decade low. This illustrates the battered housing market, caused by aggressive interest-rate hikes by the Federal Reserve, soaring bond yields, and rising mortgage rates and home prices. This has created one of the most unaffordable housing markets on record. The Federal Reserve is...
Mortgage rates have recently hit a two-decade high, with the 30-year fixed-rate average at 7.87%, the 15-year rate average at 7.18%, and the jumbo 30-year rate at 7.15%. It is important to shop around for the best mortgage option and compare rates regularly, as refinancing rates have moved differently from new purchase rates. Continue to full article...
Home inspections are crucial in Georgia to assess a property's condition, uncover potential issues, and negotiate repairs or credits.Specialized inspections like radon testing and sewer scopes are recommended, especially in areas with elevated radon levels. Home inspections are not required in Georgia but are highly recommended, and it's wise to...
Experts generally rule out a housing market crash in Georgia. Fewer new listings and closed sales indicate a cooling market. High demand continues to push prices upward....
Should You Be Concerned About the Reintroduction of Adjustable-Rate Mortgages? If you recall the 2008 housing meltdown, you may recall how popular adjustable-rate mortgages, (also known as an ARM). And, after years of being nearly nonexistent, ARMs are becoming increasingly popular when buying a home. Let's look at why this is happening and why it's not a cause for alarm. Why...
The housing market is expected to remain competitive by End-2023....