Investment Opportunities: Georgia's Real Estate market offers diverse investment options with potential for growth.Dream Home Destination: Find your dream home in Georgia's dynamic housing market....
February 2024
The Georgia housing market in 2024 is poised to benefit both sellers and buyers. The supply-demand dynamic is expected to drive continued increases in home prices until a shift occurs. A notable shift is observed in the market as new listings rose following a mortgage rate drop from a 2-decade high of 8%....
$9M is awarded to support over 400 housing units in 4 rural communities. The program aims to boost critically needed workforce housing in Georgia....
Mortgage interest rates are influenced by factors such as the Federal Reserve's policies, inflation, economic growth, and market forces. Experts have varying predictions for the next 10 years, with some expecting rates to rise significantly and others expecting a moderate decline. Most agree that rates will remain elevated in the short term due to inflationary pressures and Fed tightening, before...
Wayne County, MI Avg local wages needed to own: 19% Montgomery County, AL Avg local wages needed to own: 21%...
Rising home values prompt Georgia lawmakers to propose a 3% cap on annual increases in assessed values. House Speaker suggests doubling homestead tax exemption, aiming to reduce statewide tax bills by ~$100M....
Mortgage refinance rates are influenced by various factors, including monetary policy, market conditions, and personal credit scores. Current rates are higher than in previous years, making refinancing less appealing. However, it may still be beneficial for certain situations. Understanding the different types of refinancing and their associated costs is important. The process involves steps similar to...
Cut discretionary spending on luxuries like streaming services or coffee to save for a down payment. Secure a dedicated savings account to track progress and avoid unnecessary expenses when saving for a down payment. To save money, review debts, consider balance transfers for high-interest cards, and maintain a low debt-to-income ratio....
Buying a home can be intimidating, especially in a hot housing market. Before starting to shop for a home, it's important to know how much you can afford. Prequalification is a quick and easy process, while preapproval is more formal and involves submitting documentation. Preapproval provides a more detailed estimate of your homebuying budget and signals to sellers that you are committed to...
Homebuilders may offer incentives through preferred lenders, but these may come with higher fees and interest rates. Buyers are not obligated to use the builder's lender and should compare offers from multiple mortgage lenders. It's important to carefully review loan estimates and consider the pros and cons of using the builder's lender. Continue to full article...