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Alan Grizzle's Jan 2016 Take On The Market
My Take on the Market for January 2016 - Dahlonega & Dawsonville 2015 was the best year we have had in the real estate market since 2007. This year has gotten off to a great start as well. I am anticipating this to be another very good year. Home prices are rising and we are starting to see some land sales. We also have a strong rental market. Recently the Gainesville Times ran a series on the housing market in Gainesville. I was shocked how high of a percentage of homes in Hall County are rentals. It talked about the rising rent rates and the difficulty in finding affordable housing. I don’t do rentals in Hall County but I am seeing the same the same thing in the rentals our office manages in Dahlonega and Dawsonville. Rent rates have been steadily rising. Many people are opting to rent rather than buy. We usually have a shortage of available rental properties. I believe owning rental property is a great way to build a retirement income for yourself. People are always going to need a place to live. If you have a rental and home prices fall like they did after the market crash in 2008, so what? Just ... more
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