Spring Market in Emory-CDC Neighborhoods Kicking Off With Good Activity
The English Team has seen encouraging activity in the first few weeks of the spring real estate market in neighborhoods convenient to Emory University and The Center for Disease Control. Our neighborhoods in Northeast DeKalb County (metro Atlanta) have experienced more offers and accepted contracts than we expected. During the past month the English Team has written contracts on houses, accepted contracts on our listings and have seen increased activity from potential home buyers on our websites.
Why the increased activity? Not completely sure but there are some undeniable considerations.
1. Home prices are affordable. Most sellers have accepted the fact that the market has dropped in value and they have priced their homes to sell.
2. Home mortgage loans are amazingly affordable. When I send my buyer clients to my trusted financial advisers (Robbie Crozier and James Williamson at Fairfield Mortgage), they come back amazed by how affordable home ownership is right now. Most are finding they can buy a home with a lower monthly payment than their rent!
3. Many potential home buyers are tired of living in an apartment. They want a fenced back yard, flower garden, room for their stuff, neighbors they can share good times with and most of all, the pride of ownership.
4. The stock market has rewarded patient investors with a pretty good return. Many home buyers have experienced a return on their savings.
5. Job security is greater than it was a year ago.