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Alpharetta Real Estate, Cumming Real Estate & Suwannee Real Estate -

By
Real Estate Agent with Keller Williams Realty

One major factor in determining the affordablility of a home is interest rates - so I watch rates closely.  Even with rates below 5% the market has struggled.  Recently, I have been very busy in the Suwannee, Alpharetta and Cumming Real Estate Markets - so the market has picked up considerably - currently I (please note I did not say we) have 5 homes under contract - I believe the expiration of the tax credits is driving this market though.

From an interest rate perspective, we had strong employment data and the end of the Fed's MBS purchase program were seem to have caused interest rates to go up in the last week.  Mortgage rates ended the week at the highest levels since January.

I viewed the strong employement data as a good sign - people can not buy homes without jobs.  However, investors seem to have also viewed Friday's employment report as positive for the economy, which means it was bad news for mortgage markets (causing rates to increase), and mortgage rates climbed after its release. Against a consensus forecast of 200K, the economy added 162K jobs in March, the highest level since March 2007.

If you need to buy or sale Real Estate in the North Atlanta market - including Cumming, Canton, Alpharetta, Suwanee, Duluth, Sugar Hill, Johns Creek or Buford - please call John Foster with Remax Greater Atlanta at 770 722-7010 or visit my website at www.Fosterhomeinfo.com .  I know the North Atlanta Real Estate Market - I live here and will help you find the home you want.

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