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Question – how’s the real estate market?
Categories: Atlanta Real Estate News, Buying, Market Conditions
How is the real estate market is the number one question we are asked, whether we are at the grocery store, at a party, at the ball fields, the tennis courts, the pool, on the phone with a friend or relative, or just walking down our very own street chatting with our neighbors. It’s a question that everyone wants to know the answer…even if they are not currently selling or buying a home, they still want to know. Perhaps it is to estimate their home’s current value. Or, perhaps it is wanting to have some real world interpretation of what the real estate market is doing in their own backyard vs the media’s broad range of coverage through out the US.
SO…how IS the real estate market in Atlanta?
Real estate is dynamic. Two years ago was different than today. Two years from now promises to be different from today. What do I mean by this? In any real estate market, it is important to recognize the market trends. AND how to best take advantage of these trends. In every Real Estate market, there is opportunity.
Today’s current market presents many opportunities for Atlanta buyers: historically low interest rates – currently 5.5 30 year fixed, large selection of available homes to choose from for both resale and new construction, and most se
llers are willing to compromise to facilitate the sale.
Buyers today have the opportunity to afford a home or neighborhood that they previously may not have been able to afford. Buyers today have the opportunity to diversify their portfolio by buying properties as investments. Additionally, 1st Time Buyers today have the opportunity to take a $7500 federal tax credit.
Interested in creating your own opportunity? We’d love to help make it happen…contact us.
Don’t you love that question – how is the market? Maybe the better question is WHO is the market? Just 5-6-7 years ago the market was for sellers and buyers were taking it on the chin with skyrocketing escalation clauses. Today it’s a buyers market and sellers need to seriously consider all offers. And you’re absolutely right about those investment properties – the market is just fine!
Michael