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Georgia Housing Re-setting Prices and/or At the Bottom

By
Real Estate Agent with Results Realty Services, LLC and Mossy Oak Townhomes

I do believe that we are approaching the time for a re-set in the home market this season. Georgia has always been on the bottom of the scale in our economy. If our home prices rise too quickly, I think that we will be in another bubble. I am happy that we are selling homes no matter what the price of the homes are. We need the inventory of the homes to go down before we even see any kind of rise in prices of homes. In my years as an investor and realtor, I do agree with you on the combination of opportunity in home buying today with interest rates, tax credits and pricing. It is a great time to buy a home. I would like to add; I have been working with many first time home buyers and if prices rise to quickly these homeowners will become wealthy homeowners. At the same time the home owners who have been struggling to keep up with the economy with their home being upside down in price; what will these homes owners do?   

 

Michael Lee
Frog Realty - Tallahassee, FL

Don't forget to tell those prospects about how badly they can be hurt if they wait to buy and interest rates continue to climb.  This has much more impact than gaining a $10k price reduction.

Jun 02, 2009 01:34 PM
Eric Reid
Renaissance Realty Group of Keller Williams Atlanta Partners - Lawrenceville, GA

I think we here in the Gwiinnett market are seeing a price stabilizing going on it's getting inventorybalanced.. now ... BUYERS need to get off the fence and start buying because I am seeing prices drifting up and great inventory REOs selling in 30 days or less

Jun 02, 2009 01:41 PM
Anonymous
Linda Suidan

I completely agree with the rising of interest rates will impact your monthly home payment more than a 10k rise in price. Interest Rates are down and prices so what better time to buy.

Jun 02, 2009 02:21 PM
#3
Shane OnullGorman
Eau Claire Realty, Inc. - Eau Claire, WI
Eau Claire Wisconsin, Real Estate Agent & Realtor- Buy or Sell

I think people should just do whats right for them and right now is a good time to buy.

Jun 02, 2009 03:08 PM