The news is out, home prices rose 8% and sales jumped about 25% in September in Atlanta. In the NAR (National Assn of Realtors) monthly report the median price of homes went up 7.9%.
The other news this past week is that mortgage rates are at Historic Lows below 4% for the first time in recorded history. This are unprecented times with this news and a time to get into the housing market before you end up just telling your Grandkids that you had a chance to buy a home during these amazing times but didn't.
Renting is now much higher in Atlanta than buying and if you buy now the tax law still allows you to deduct the interest from both Federal and State Taxes. If the tax laws change in the future, typically people who had made decisions to make major purchases were grandfathered into the deductions, so this could also be an historic time from that angle.
So what is keeping you from moving forward. We have heard it all in the past 25 years and have, through experience, found ways to get people qualified and into homes. There are programs out there for the down payment in Georgia.
So lets look at some houses and make a decision now while there is such a huge opportunity. Call us this weekend while the prices are still low because as demand increases, prices always rise. Get into the market now while the chances to make a real great decision still exist.
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