Things Are Looking Up
Most news about real estate these days is less than inspiring. With all the doom and gloom abounding I thought I might bring to light some of the brighter spots.
- Atlanta ranks as one of the ten most stable housing markets in the country. According to Forbes our annual housing price change was UP .9% from 2006 and in 2008 they are projecting an increase of 4.4%.
- Here in Henry County we rank as the 8th fastest growing county in the US. Among the top 20 fastest growing counties thirteen were here in the South, four in the West and three in the Midwest.
- Supply is at the highest level I’ve ever seen. The inventory of homes is at a nine year high. There are plenty of deals during this current buyers market.
- The housing market cycles every few years. Our most recent cycle helped to adjust pricing to meet value. With pricing stabilizing you can expect to buy and build equity in your home over time.
- Loans are out there to be had. Many folks think that they can’t get a loan but they haven’t even tried. Spend a few minutes watching the news and you’ll think there isn’t any money to be had. The trusted mortgage planners we’ve worked with for years are writing as many loans as they have in past years… and some are actually writing more. The caliber of mortgage planner you work with is always more important than the rate.
- Mortgage rates are dropping. In the upcoming week you can count on the feds to drop the rate again to give the housing market a boost. Now is a great time to take advantage of those rates.