Tag Archives: Housing Market

What does Back to School mean to the Real Estate Market?

Monday, 02 August 2021 14:12
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It’s that time of year when kids fill their backpacks and wave goodbye to Mom and Dad as they board the school bus or are dropped off in the carpool lane. Summer vacation for the most part is over.  The last thing on most family’s minds is packing and moving.

Typically, when school starts, the housing market slows down, but with this tumultuous market, it is hard to predict.  Many are still looking for homes in this seller’s market.  If there is a lull, it will be short-lived.  After Labor Day there is usually an uptick as it is the unofficial start of the fall season. Sellers and buyers will now want to buy and close quickly to get settled before the holiday season.

It is still a good time to sell as there is still a shortage of inventory.  If you have a plan in mind as to where you’re going to live once your home sells.  Many sellers have gotten creative.

Here are some possible solutions:

  • Do you have rental property? Many sellers are moving into one of their rentals until they can find their next home
  • Do you have vacation property? Same scenario.
  • Move in with relatives.
  • Find a short-term rental – Those who do have rental property who are willing to take a month-to-month lease situation are offering this alternative until the sellers can find their next home.
  • I’ve even seen some move into their RV or houseboat until they find their next home. You might have to store your household belongings for a while, but if you do, consider using a pod, that way you don’t have to have a moving company move you twice.
  • Buy before you sell. Some have taken their equity out of their current home and used it as a down payment on the new home.
  • New Construction. When the new home is move-in ready, then you list yours.

In this area, the market is extremely hot, because of the great schools, which is great.  The good news is homes bring a premium price tag.  The bad news is, it makes buying a home in the school district you want a little challenging, but not impossible.  Another reason you need a seasoned agent.

If you’re thinking about selling or buying, give me a call and let’s devise a plan that will work for you and your family.

Marie Dinsmore

The Dinsmore Team

Experience, Passion, and Commitment to Excellence!

Why Now Might be the Best Time to Sell Your Home

Wednesday, 19 February 2020 10:33
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Trying to decide when is the best time to sell your home can be tricky, but also is determining the final profit on your home.

Here is some information to help you make that decision.

  • Home prices are trending upward. According to Georgia Realtors, home prices from 2018 to 2019 increased by 3%. Prices are looking to trend even higher for 2020. That is good news for the seller, but if you are also buying, it’s another consideration.
  • Housing markets are low. When the housing inventory is low, buyers tend to contemplate all options in the market area and make quick offers. This is good news for sellers because it often leads to bidding wars in attempts from buyers to get the best house in the area.
  • Homes are spending less time on the market. As with inventory being low, buyers are acting fast. The average time on the market in 2019 was 56 days. That was a 5% decrease over the previous year’s statistics.

So, are you still trying to decide when is the best time to sell?  Still wondering what your final profit might be? We can help with that. We are now iRep certified.  What does that mean? We can test the market for you without doing a formal traditional listing. We can help you receive cash offers on your home and a retail market valuation in 48 hours. Then you can decide whether or not to accept the offers or go the traditional route of selling your home.

The time is right. All the pieces are falling into place. With increased housing costs, lower inventory, and fewer days on the market, now is the best time to sell a home.  Let the Dinsmore Team help you through the process.

Home Sales for the Past Year

Friday, 24 January 2020 15:49
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Happy New Year!  It’s still January so I can still say that.

The real estate market continues to be great!

Housing Indicators are in for 2019, and it was another great year for Georgia’s housing market! With a strong economy and low mortgage rates, buyer activity has been strong. However, inventory levels are still below historical norms, and prices continue to rise.

A few quick facts are listed below – all indicators are year over year for existing single-family homes.

• Median Sales Price: 6% increase to $228,000
• Pending Sales: 6.7% increase to 145,087
• Closed Sales: 4.9% increase to 142,915
• New Listings: 6.4% increase to 201,215
• Average Sales Price: 4% increase to $272,207
• Days on Market: 5% decrease to 55 days
• Months Supply of Inventory: 10.8% decrease to 3.3 months

If you are thinking about buying or selling, now is a good time.  Mortgage rates are still low and prices will continue to go up. Give us a call, we are here to help.

Marie Dinsmore

The Dinsmore Real Estate Team

770-712-7789

2014 Housing Market Forecast

Tuesday, 19 November 2013 15:26
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Housing UpThere was a great article in the Washington Business Journal on the 2014 Housing Market that I thought I would share, quoting two notable Economists.

According to Lawrence Yun, Chief Economist for the National Association of Realtors, good things will continue to happen in the housing market in 2014.   Due to suppressed activity during the past four years, rising demand, and a steady decline in inventory, Mr. Yun expects home prices to increase in 2014 as well as 2015, nationally.   He predicts that the nation median existing home prices should increase by 6% in 2014.

“Real estate will be a hedge against inflation, with values rising 15 percent cumulatively over the next three years, also meaning there will be fewer upside-down home owners,” Yun said. “Today is a perfect opportunity for moderate-income renters to become successful home owners, but stringent mortgage credit conditions are holding them back.”

Mark Vitner, Managing Director and Senior Economist at Wells Fargo, predicts that distressed homes (short-sales and foreclosures) will still be around, but will be declining.  “Distressed homes right now are like an after-Christmas sale – most of the best stuff has been picked over, but make no mistake they’ll be with us for a while.”

Yun projects the market share of distressed sales will decline from about 25% in 2012 to 8% in 2014.

Marie Dinsmore, Certified Luxury Home Marketing Specialist

The Dinsmore Real Estate Team  |  www.dinsmoreteam.com

Marie@DinsmoreTeam.com | 770-712-7789