The Atlanta real estate market has slowed down, as I explained in my last newsletter. However, it has been long enough for me to comfortably say the market is very stable now.
We may not ever know the true impact of the virus, and how long we’ll feel its affects. In the news today, we see economic fallout, and unemployment numbers at all time highs. Nationally and locally, home sales have slowed down tremendously. This can be attributed to numerous factors. However, prices are still going up. This is not a housing crisis, and I can not say that enough. We are starting to see our market picking way up. With pent up demand from would-be spring buyers and inventory still low, buyers are looking hard, and frequently end up in multiple offer situations. Our team and I have had many more showings, listings, and activity in the last few weeks. Our clients are our number #1 priority, and we are guiding them through the home buying and selling process with upmost safety.
Rates are continuing to stay down, today 30 year fixed rates are at an ALL-TIME LOW. If you’re going to stay in your home for longer than a couple years, it could be a good time to refinance. Check out NerdWallet’s refi calculator¬†here, if you’d like to know more, contact my lender,¬†here.