Why Today’s Housing Supply Is a Sweet Spot for Sellers
Northwest Atlanta Properties Blog
by Matt Stott
3w ago
Wondering if it still makes sense to sell your house right now? The short answer is, yes. And if you look at the current number of homes for sale, you’ll see two reasons why. An article from Calculated Risk shows there are 15.6% more homes for sale now compared to the same week last year. That tells us inventory has grown. But going back to 2019, the last normal year in the housing market, there are nearly 40% fewer homes available now: Here’s a breakdown of how this benefits you when you sell. 1. You Have More Options for Your Move Are you thinking about selling&nbs ..read more
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January 2024 Report on the Real Estate Market
Northwest Atlanta Properties Blog
by Matt Stott
2M ago
January 2024 Report on the Real Estate Market From Your Friends at Northwest Atlanta Properties Atlanta Is A Top Housing Market   Zillow recently cited Atlanta’s affordability and job growth as two factors making our market one of the top markets for 2024.  It is no surprise to us as we have seen our areas booming with building and new businesses springing up.  We are winning the competition for these businesses and jobs over cities in California and Florida primarily because of our housing affordability.  In 2021 and 2022 we saw 15,000 residents move to Georgia from Califo ..read more
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Georgia Ranked Best State for Business & Why It Matters to Our Clients
Northwest Atlanta Properties Blog
by Matt Stott
5M ago
This article states says that for the 10th straight year, Georgia is ranked as the best for business!  That’s 343,650 new jobs in the past 10 years for only the projects that the state was involved in.   In our areas, we’ve seen larger companies come into and create jobs: 2500 in Cartersville and Calhoun with a solar panel manufacturing plant (along with 500 supporting jobs) and dozens of others in Cherokee County and the surrounding areas. See some interesting facts and stats on Cherokee here. Of course, Cobb  County, Alpharetta ..read more
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Are 1031 Exchanges Under Attack?
Northwest Atlanta Properties Blog
by Matt Stott
6M ago
September 2023 Report on the Real Estate Market From Your Friends at Northwest Atlanta Properties 1031 Exchanges Under Attack? 1031 Exchanges have been a staple of investors for decades and allow an investor to defer capital gains taxes when they sell an investment property and buy another. See our 1031 Exchange report for a review of the ins and outs in layman’s terms. It is also on our website in the drop-down under “Real Estate Sales.” 1031 Exchanges are under attack again.  This happens every few years and is in the Biden Administration’s 2024 budget proposal. The ..read more
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Is Calhoun the Next Great Georgia Investment?
Northwest Atlanta Properties Blog
by Kayla Corvino
7M ago
August 1, 2023 August 2023 Report on the Real Estate Market From Your Friends at Northwest Atlanta Properties Is Calhoun the Next Great Georgia Investment?   Since 2015 we have focused on finding great investments for our Investor Clients. The Investor Owners who used us to represent them have purchased 34 properties in Alpharetta, Canton, Dallas, and Cartersville, based upon our recommendations (many of whom never saw the properties in person.) These Owners have seen equity growth of 44% overall and have increased their wealth by over $4.6 million.   Since Cartersville is currently ..read more
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Housing Market Forecast for the Rest of 2023
Northwest Atlanta Properties Blog
by Mike Stott
8M ago
The post Housing Market Forecast for the Rest of 2023 appeared first on Northwest Atlanta Properties ..read more
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How Inflation Affects Mortgage Rates
Northwest Atlanta Properties Blog
by Mike Stott
8M ago
When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here’s what you need to know. The Fed is trying hard to reduce inflation. And even though there’s been 12 straight months where inflation has cooled (see graph below), the most recent data shows it’s still higher than the Fed’s target of 2%: While you may have been hoping the Fed would stop their hikes since they’re making progress on their goal of bringing d ..read more
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How To Know If You’re Ready to Buy a Home
Northwest Atlanta Properties Blog
by Donna Stott
8M ago
If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more. And, you’re juggling how all of those things will impact the choice you’ll make. While housing market conditions are definitely a factor in your decision, your own life and your finances may be even more important. As an article from NerdWallet says: “Housing market trends give important context. But whether this is a good time to buy ..read more
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Sellers: Don’t Let These Two Things Hold You Back
Northwest Atlanta Properties Blog
by Jon Burke
8M ago
Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles. Challenge #1: The Reluctance to Take on a Higher Mortgage Rate According to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% (see graph below): But today, the typical 30-year f ..read more
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Pricing Your House Right Still Matters Today
Northwest Atlanta Properties Blog
by Mike Stott
8M ago
While this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now. That’s because the number of homes for sale is still so low. Data from the National Association of Realtors (NAR) shows 76% of homes sold within a month and the average saw 3.5 offers in June. To set yourself up to see advantages like these, you need to rely on an agent. Only an agent has the expertise needed to find the right asking price for your house. Here’s what’s at stake if that price isn’t ..read more
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