If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself two simple questions: What will home prices be like in 2022? Where will mortgage rates be by the end...
There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle. That may be because those individuals assume a 20% down payment is necessary. While putting more money down if you’re...
If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying put much longer than historical averages (see graph below):As the graph shows, before 2008, homeowners sold their houses after an average of just five years. Today, that number has more than doubled to over 10 years. The housing industry refers to this as your tenure. To really explore tenure, it’s important to understand what drives...
One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes available for sale). An article from the Wall Street Journal shows this is true for new home construction: “Home builders have...
It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium (condo) as a worthwhile option. In fact, trends indicate condos are gaining popularity among buyers. In the latest Existing Homes Sales Report from the National Association of Realtors (NAR), the data shows condo sales rising throughout...
Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison.Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry agree – today’s low rates present buyers with an incredible opportunity. Here’s what they have to say: Sam Khater, Chief Economist at Freddie Mac, points out the historic nature of...
Situated in the heart of Marietta, Marvelle is the perfect place to call your home. Marvelle won the 2020 Obie Gold Award for Community of the Year and you can clearly see why when you drive through the streets and see the stunning Charleston inspired homes. Beautiful front porches and sun decks allow for southern hospitality and charm. And professional landscaping and weekly grounds maintenance keeps the community looking amazing all year round. You’ll see...
Avondale East, a single-family community consisting of 55 homes by Southeast Capital Companies, introduces a new product series to the community – The Park at Avondale East. Now Selling from the high $400’s, The Park Series features new floorplans designed for everyday living, but will boast the same desirable finishes, open concepts, and quality craftsman-inspired architecture currently being built in the original series, The Estates at Avondale East. The craftsman-inspired homes not only lend...
RE/MAX TRU, Powered By Tamra Wade, is proud to announce that Broker/Owner, Tamra Wade, was selected as the Sales Manager of the Year at the Greater Atlanta Home Builders Association’s (HBA) 39th Annual OBIE Awards. Recipients of an OBIE Award are recognized as being an outstanding homebuilding industry professional in their respective area. “Winning Sales Manager of the year means that I am on the right path in my career,” says Wade, “That following my heart...
At some point in an agent's career she may decide there's simply too much for that person to do alone. Should she form a team? Should she keep going alone? Tamra Wade was recently featured in Atlanta Agent Magazine as she addresses how teams fit into a brokerage. Check out the article!
