|
This Week In Real Estate:
Here are the top two real estate news updates for this week:
- U.S. Housing Market Becoming More Buyer-Friendly
The U.S. housing market is transitioning to a more balanced environment, offering increased inventory, more price reductions, longer time on the market, and lower listing prices compared to last year.This shift provides buyers with more opportunities and leverage in negotiations.
- Atlanta's Affordable Housing Stock Declines Significantly
Between 2018 and 2023, the Atlanta metropolitan area lost over 230,000 affordable housing units.This decrease, coupled with construction permits not keeping pace with population growth and rising home prices, is contributing to a housing crisis in the 11-county region.Local leaders are introducing initiatives to address this issue, despite federal funding cuts for affordable housing programs. Axios
What This Means for Buyers and Sellers
- For Buyers: The national trend toward a more buyer-friendly market may provide increased options and negotiating power. However, in the Atlanta area, the significant reduction in affordable housing units could mean heightened competition for remaining properties, potentially leading to higher prices. Prospective buyers may need to act swiftly and consider expanding their search criteria or exploring assistance programs to secure suitable housing.
- For Sellers: Nationally, sellers might experience longer listing times and may need to be more flexible with pricing and negotiations due to increased inventory. In contrast, Atlanta sellers of affordable housing may find a robust demand, possibly allowing for quicker sales and favorable pricing. However, it's crucial to price properties competitively and ensure they are well-presented to attract serious buyers.
Home Tour of The Week: Georgia Dream Eligible - $1000 Down
Click here to watch
 Hey guys! 👋 Take a look at this beautiful home in Newnan's Bullsboro Crossing neighborhood! 🏡 It has 4 bedrooms, 2.5 bathrooms, and a big, open kitchen with a stylish island and backsplash. The backyard has a covered sitting area — perfect for hanging out or hosting a BBQ. The fresh paint and cozy fireplace make it feel super inviting. 🔥 And here’s the exciting part — this home qualifies for the Georgia Dream Program, which could help you with buying costs! Check out the full tour and see why this home is so special! 😊
Would you live here?
Open House This Sunday: $1.3 Mil Home for Sale - Tyrone, GA
Meet me this Sunday - March 23rd | 2:00 pm - 5 pm
260 Cicely Wy
260 Cicely Way Tyrone, GA 30290
Cas
P.S. - Ready to talk real estate - Let's talk CLICK HERE
|