Atlanta Real Estate Market Update for August 2014



Looking to buy or sell a home in Atlanta, Georgia? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price  Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (678) 428-5841 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today we are going to talk about what's happening in Atlanta real estate in 2014 and what is coming soon. 2014 has been an exciting year in real estate. The Atlanta market has recovered nicely and we have seen great appreciation for homes across the board.

There is good news in this market, for both buyers and sellers. Sellers have returned to the marketplace and have been walking away with a pretty good profit. Low interest rates have  given sellers those nice appreciation rates. These rates have also benefited buyers, making homes more affordable. 

We are not in a natural market. We are in what we like to call a faux market. Most of this market has been hedge fund groups that have purchased thousands of properties. We have investors in every market, but they don't make up the majority of the market or decrease the inventory as much as they have in our market. The home buyer who is looking to actually live in a home is in a daily fight against cash buyers looking for investment properties. 

So what is to come? Well, there probably won't be any significant changes until the next presidency, but we will see a correction. Because of the low inventory, appreciation has gotten out of hand and we are seeing above normal appreciation numbers. Anytime you have appreciation that's not normal, a correction needs to take place because you don't want homes to get too expensive for people to buy. Interest rates will also start to climb in the next 5 years. Now is an opportune time for a real estate transaction, whether you are a buyer or a seller.

1 comment :

  1. When we looked at the place we now own, we had looked at so many other places that we missed a lot of opportunity and value when we saw it the first time. It was Elizabeth who connected the dots for us, and we are so glad she did. We really do love the place we purchased.
    New Lenox real estate agents

    ReplyDelete