“According to the latest FMLS stats there were
2,959 closings for Residential Single Family
detached houses in January 2015.
the end of January with an INCREASE of about 12%!
What does this mean for Buyers & Sellers?
There is more inventory to choose from as Sellers become more confident in putting their homes on market due to higher sales prices. Sellers are digging out from being under water. Interest rates continue to be historically low.
What will the Future bring?
Interest rates historically tend to shift upward in the spring and back down again at year’s end. With interest rates low and affordability high Atlanta is #1 of the Top 10 Housing Markets in the nation.
According to Realtor.com, Atlanta is predicted to have a 6% increase in home owning households over the next 5 years.
Where will these buyers be purchasing homes?
My best always,
Janet Weidmann, REALTOR
WOW Team Keller Williams Realty First Atlanta