As for work, I would say the first half of the year for me regarding my personal goals has been pretty successful. I have closed 24 homes out of my goal of 55 for the year. Looking forward to hitting or surpassing 55 over the next half of the year.
What’s going on out there?? Atlanta home prices are up 5.3% from last year. I think we can all definitely see that! Wonderful for sellers as our team continues to get our clients 99% to 102% of their list price. Not so good for our buyers who are buying at the top of the market and fighting for the good homes in multiple offers. The good thing for buyers is that interest rates are holding steady. We even saw a dip recently. So still a great time to buy and take advantage of this. This is not expected to last. Rates are expected to go up to 4.6% on a 30 year fixed and 3.8% on a 15 year by the end of 2017.
Millennials are making up about 52% of prospective buyers. They are buying more expensive homes, skipping straight over starter homes. Hot areas are places like Smyrna, where SunTrust Park has brought greater values keeping buyers closer to the city and offering fun attractions like The Battery. Also Chamblee is on fire offering a more urban feel with the new Whole Foods shopping center, boutique shops, independently owned restaurants, and more live, work, play opportunities.
What’s important for buyers to know now before entering the market…..Get pre-approved first with a LOCAL lender (we can help with this) and do not try to do it alone. You need experienced agents from our team to help you win with multiple offers, to find you houses before they hit the market, and to fight for you on inspection items. We are here for you before, during, and after the entire home buying process. Thank you all for your referrals and continued support!!