market: How do you rate?
- 07/14/22 05:34 AM
Interest rates are going up. On the news this morning the talking heads were saying the Fed might raise interest rates again this month by a full percentage point to combat the 9.1% inflation rate. This will translate into higher rates for mortgages among many other things. This will dampen the demand for homes temporarily as consumers figure out what they can afford with the new higher rates. Some buyers will be priced out of the market. The slowing demand for homes will also slow the rise of home values, stabilizing the home prices for homes on the market. We will also … (5 comments)
market: How is the Real Estate Market?
- 04/29/20 07:49 AM
I can be at the gas station filling my tank, walking down the street, or talking to a friend on the phone and many times I hear the same question asked, How's the Real Estate Market? I usually give a fairly concise answer that it is good, bad or in the middle. But I usually don't have exact numbers in hand to offer. With all the recent shutdowns in the market place due to the Virus which shall remain nameless, I was surprised to see just how strong it has remained. First quarter this year compared to last shows my county, Cherokee … (1 comments)
market: What is to become of the season?
- 04/19/20 06:40 AM
Historically, the Real Estate season gets off to a busy start around mid February and runs like gangbusters until September. This year, we started off a bit early and it looked like we were going to have a busy season, until the disease that shall not be named reared its ugly head. While real estate business does continue, it certainly has had some air taken out of its sails. Understandably, buyers and sellers are a bit leery of either letting strangers tromp through their homes, or doing the tromping themselves. All this leads me to wonder whether the selling season will resume … (4 comments)
market: After 250 days on the market, Sold. Darn!
- 01/18/19 05:11 AM
Real Estate can often be a baffling business, even to real estate agents. To explain, I am working with an investor that buys a home each year, fixes it up, and rents the property. We are usually looking for properties under $100,000 that needs much work. In the past, we have found and made offers on homes most others did not want. Today, however, the times seem to have turned against us. Several times in the past 3 months or so we have located a suitable property that has been listed for months and months. We like these because they do need … (4 comments)
market: Has your market ever been like a Mammatus cloud?
- 06/20/16 11:11 PM
The above picture was taken by me the other day as I sat waiting for a green light. These clouds were really weird looking. They were all bumpy and looked like the end was near. So, I took the picture just in case they meant my end was near. People looking at my phone afterwards would nod grimly and say, it was the Mammatus clouds that got him. These clouds are formed when a thunderstorm collapses upon itself and the cold upper air comes flying down through the cloud layer. It produces the bumpy cloud surface we see. It made me wonder about … (3 comments)
market: Should I wait till Spring to sell?
- 08/04/13 10:48 PM
Oh my gosh, no! Everyone knows, or thinks they know, that Spring is the selling time for Real Estate. While it is usually the start of the Real Estate selling season, a home can be successfully sold anytime. Folks do like to get settled before school starts, so that means here in Georgia folks like to be settled before August 1. However, this is not the case for all folks. There are plenty of people who get relocated into the area at all times of the year. Others, without school aged children, are not confined by the August 1st deadline. My … (6 comments)
Interest rates are going up. On the news this morning the talking heads were saying the Fed might raise interest rates again this month by a full percentage point to combat the 9.1% inflation rate. This will translate into higher rates for mortgages among many other things. 
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