THE Northwest Atlanta Real Estate Market is Changing
With the dramatic rise in mortgage interest rates this year from 3% to above 5% and the continued price increases for homes being purchased it now costs almost 50% more to own an “average” home this year than last. Add this to 121 consecutive months year over…
Mike StottMay 19, 2022
The One Thing Every Homeowner Needs To Know About a Recession
A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value. The National…
Mike StottMay 19, 2022
How Homeownership Can Bring You Joy
If you’re trying to decide whether to rent or buy a home, you’re probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons you want to make a purchase if you’re a renter, but the decision can also be motivated…
Mike StottMay 18, 2022
Why Rising Mortgage Rates Push Buyers off the Fence
If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in…
Mike StottMay 17, 2022
If You’re a Homeowner, You Have Incredible Leverage When You Sell Today
In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things: To be the winning bid on…
Mike StottMay 16, 2022
What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market
While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the…
Mike StottMay 12, 2022
Are There More Homes Coming to the Market?
According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today. If you’re looking to buy a home, you may have…
Mike StottMay 11, 2022
May 2022 Warm Fuzzy
Here’s a story about baseball – and perspective: A 9 year old girl was overheard talking to herself as she marched through the backyard, wearing her baseball cap and toting a ball and bat. "I'm the greatest hitter in the world,” she loudly announced. Then…
Mike StottMay 10, 2022
