In the Northeast Atlanta housing market, where many of our clients work at Emory or the CDC, a classic buying dilemma must be addressed. Do I buy a home with “good bones” built in the 1960s and 1970s when much of the housing stock was first constructed? Or, do I buy more recent construction? Exacerbating…
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Mortgage rates just rose to the 7% level for the first time in recent years. But that is no reason to delay purchasing a home now. Let’s take a look at four scenarios and see what might happen: SCENARIO 1: Mortgage rates drop significantly after you buy your home This is actually a great scenario…
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Home buyers are asking me the right questions about this real estate market:” Where are all the Home Sellers? Why are there no new homes coming on the market? What happened to the spring housing market?” The answer is pretty simple: “Home Sellers are staying at home.” Homeowners who might have previously put their houses…
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Despite the intimidating national economic news we read daily, the Atlanta housing situation is experiencing a moment of March madness as buyers scramble to lock down what ever houses come on the market in their target neighborhoods. I am in DIRE NEED of houses to list to meet the existing buyer demand in this March…
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After 25 years of representing The English Team and helping hundreds of clients sell their home in Emory and CDC neighborhoods – we are updating the English Team logo. My daughters called the old red jacket logo the “tea kettle” because my arm looked like the handle on a classic English Tea Kettle. Our new…
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“May the odds ever be ever in your favor” is the catchphrase at the beginning of the Hunger Games in the science fiction dystopian film series based on The Hunger Games trilogy of novels. It was essentially a token “good luck” knowing that all but one of the 24 contestants were about to be killed….
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The Georgia Bulldawgs football team extended our holiday celebrations past New Year by earning a spot in the National Championship game in Los Angeles. We watched the game from the HD section in our living room and the victory was sweet. Our routines are just now getting back to a more normal rhythm. So finally,…
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Grading my 2022 real estate predictions – How did I do in my “Sally English 2022 Real Estate Predictions”? 1. Mortgage rates are going up. The Fed will likely respond to inflation by raising interest rates. Mortgage rates will respond immediately. I nailed this prediction. Mortgage interest rates jumped a LOT higher than I thought…
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2022 was a real doozy in the real estate world Late winter and early spring say a high-flying real estate market where homebuyers had to place offers on multiple homes before winning a bid to buy a home. Investors with deep pockets of cash bought most of the homes as they were listed on the…
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Shania Twain got it right when talking about the men in her life. Oh-oh, you think you’re special Oh-oh, you think you’re something else Okay, so you’re Brad Pitt [Chorus] That don’t impress me much (Oh, oh, uuh) So you got the looks, but have you got the touch? Now, don’t get me wrong—yeah, I…
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The real estate market in Atlanta has started to shift toward a more neutral market. Buyers are starting to get the upper hand and are beginning to us contingencies clauses in their offers to better protect themselves in a home purchase. In Atlanta I started seeing them in June and that trend continues to grow….
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The National Association just published housing statistics for June and it is clear that home sales hit the brakes. The number of homes that went under contract in June is down substantially. This likely means the statistics for closed homes in August could fall off a cliff. “Contract signings to buy a home will keep…
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The strong seller’s market is swinging more in homebuyers’ favor as the housing market enters transition. One of the key indicators is price drops on houses that are on the market. When I start seeing sellers lower the listing price on homes that have been on the market a few weeks, I know the iron…
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The housing market has reached a turning point and the housing shift has begun. Cheap money is gone, kaput, no longer available. In the past couple of years, cheap money has fueled a booming housing market that resulted in record-low inventories of available homes and lots of frustration for potential home buyers. Record high prices…
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Mortgage interest rates are rising as the Federal Reserve announced a 1/2 point interest rate increase on the rate it charges banks to borrow. A mortgage loan that cost 4.75% last week will cost you 5.25% today and rates will probably continue to go up given the inflation signals I see. The big question for…
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The English Team of Realty Associates of Atlanta is pleased to announce the addition of Kristen Bryant. Kristen joins the English Team to pursue her passion for real estate and to empower clients with housing transitions. Kristen completed her real estate licensure in Spring 2022. Residing in Atlanta for the past 12 years, Kristen enjoys…
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Tucker Housing Market Gone Wild Had the Tucker housing market gone wild? Yes! Without a doubt. I listed a two-bedroom townhome in Dillard Crossing. This is a really nice townhome community tucked into a quiet corner behind the Zaxby’s restaurant in Tucker. The price point was affordable – $230,000. We were prepared for a lot…
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“Have you been to any of the new restaurants on Main Street in Tucker GA?” asked Matthew Lee, Executive Director of the Tucker-Northlake CID. There was a big show of hands at our Realty Associates sales meeting where Lee was making a presentation. The follow-up question was the one that got everyone’s attention. “Did you…
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Buying a home has become a struggle because there is so much money chasing so few houses. Once a home is listed for sale on the MLS an immediate bidding war erupts. Just a few years ago I was fielding calls from sellers frustrated by the amount of time it was taking to find a…
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Nothing beats experience in rapidly changing real estate markets. Last summer I was challenged by a potential seller who had a specific need. “I need to sell my home and close the transaction in 30 days” The seller had purchased another home and wanted to replace the funds used in that transaction with the closing…
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