There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means. On a monthly basis, the National Association of Realtors (NAR), produces a Housing Affordability …
Summer is here and the temperature isn’t the only thing that continues to heat up – the marketplace is HOT! Welcome to June’s This Month in Real Estate. The national median home price continues to increase and is higher now than it was in June of last year. If you’re looking to sell, this summer is a …
Welcome to May’s This Month in Real Estate. The national median home price has continued to increase month over month and year over year. If you’re looking to sell, there’s no better time than right now (seriously, right now). Don’t worry buyers, we have great news for you too! According to Freddie Mack, the average …
Welcome to January’s This Month in Real Estate. We are off to frenzied start in the Atlanta Real Estate Market – 2015 is already heating up. Nationally, home sales dipped and so did the national average for a 30 year fixed mortgage. Similar to the last few months, we’re still very much in a seller’s market. Home …
Welcome to December’s This Month in Real Estate. Even though the weather is noticeably cooler, that’s not necessarily the case in the Atlanta Real Estate Market. While prices have slowly started to stabilize, we’re still very much in a seller’s market, especially when the seller is well informed. Home sales are still strong year-over-year and while it …
Welcome to October’s This Month in Real Estate. In certain Atlanta neighborhoods, prices have started to stabilize, however, home sales and home prices continue to remain strong year-over-year. We’ve also noticed a slight uptick in interest rates – fear not though, we’re still at historically low rates (relatively speaking). There’s opportunity in every marketplace! Inventory – Monthly …
Welcome to August’s This Month in Real Estate. The summer heat is cooling down but the real estate market is still heating up. Projected home sales and median home prices are both on the rise and interest rates have fallen slightly since last month. If you’re looking to sell, this might be a good time …
Every month, Keller William compiles national updates to keep you informed on mortgage rates, home prices, home sales and inventory. Each month we share them here on the AtlantaBen blog. Enjoy July’s update, home sales and price are on the rise! Sales and Prices at a Glance Mortgage Rates 30-Year Fixed: 4.17% 15-Year Fixed: 3.30% 5/1-year ARM: …