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Today I’m going to answer the question of whether now is a good time to buy, sell real estate or both, in the Atlanta real estate market. It’s certainly unusual circumstances in the market and that’s led to some people making predictions based on anecdote and fear and these are never good methods to make a decision. Watch through and find out for yourself what I think is the right move in the current Atlanta real estate climate.
Georgia was the first state to reopen after the shutdown early in April 2020 and the real estate market in Metro Atlanta reaped huge benefits as a result. In my last video, I shared my thoughts on why I don’t think it’s possible to see a national housing crash in 2021 and today we are going to look closely at Metro Atlanta. If you haven’t seen that video, you can check it out here. Nationally demand for homes rose about 1% in 2020 while, in Atlanta, demand was up 5% over 2019. That’s a considerable amount more than the national average! So, is this a housing bubble in the Atlanta real estate market? Can we absorb increased inventory if and when foreclosures and forbearance problems hit the market? Will that even happen in 2021? And, the biggest question of course, is now a good time to buy or sell a home?
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✍️ Resources used in this video:
http://www.freddiemac.com/research/insight/20201117_mortgage_forbearance_rate_during_COVID-19.page
https://www.metroatlantachamber.com/resources/reports-and-information/executive-profile#:~:text=Home%20to%206%20million%20people,people%20from%202010%20to%202019.&text=From%202018%20to%202019%2C%20metro%20Atlanta’s%20net%20migration%20was%2043%2C584.
https://law.georgia.gov/resources/mortgage-and-foreclosure-information
https://ajc.com
https://www.mba.org/
https://www.fhfa.gov/
https://www.metroatlantachamber.com/
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A’ Huntin’ We Will Go!For inspiring, inspiring concepts that educate you how to avoid becoming a target as you find and also enhance your house in today’s economy; this is a should read! This is an amusing as well as satisfied read, and also is a beneficial, down-to-earth endeavor that will certainly bear terrific fruit. This article is loaded with extensive thoughts, ideas as well as practical concepts for effective living.
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