Homeownership Gap & More!

Welcome to the Real Estate Backstory! We’re here to provide you with the latest real estate news and insights so you can make an informed decision about your next property purchase.

First, we discuss the significance of agent feedback and how it can help improve the buying and selling experience for everyone involved. We then delve into the black and white homeownership rate gap, which has reached its highest point in a decade, and what this means for the industry as a whole.

We also take a closer look at Atlanta’s property value growth and how it compares to other major cities in the US. Additionally, we examine the Personal Consumption Expenditures Index and how it relates to the housing market.

Next, we provide some positive news regarding the decline in jobless claims and how this could impact the real estate market in the future. We also discuss HUD’s recent announcement regarding a 30BPS decrease in mortgage insurance premiums for FHA loans.

In this episode, we also explore how a majority of people are prioritizing their pets’ needs when buying their dream home. Finally, we wrap up with some positive news about pending home sales improving for the second straight month and the House approving a remote notary bill.it mean for the future of the housing market?

Join us every week on Real Estate Backstory for the latest updates and trends in the Atlanta real estate market and beyond.

Alan Richardson – Managing Broker – Maximum One Realtor Partners

alan@maxonepartners.com

http://www.maxonepartners.com

Office: 678-782-5050Click to Watch More Videos from Real Estate Back Story

How to Learn SO MUCH INFORMATION about a Property from www.GSCCCA.org

Thank you to Doug Dean, Esq. Partner & Closing Attorney with Shafritz & Dean, Attorneys at Law for shoeing us an in-depth guide on how to navigate the public records database of www.GSCCCA.org to learn SO MUCH INFORMATION about properties including legal description, Mortgages, Owner’s Names. Liens & more!

Feel free to reach out to Doug for more information or to learn about closing transactions with his firm.

DDean@Shafritz-Dean.com 404-255-8183

Please browse “Videos” or “Playlist” for so many more!Click to Watch More Videos from Real Estate Made Crystal Clear

2023 GAR Contract Playlist – https://www.youtube.com/playlist?list=PLnjOyfFygLFydopNAa44rIn7XPQHCRRAG FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter

I’m Not Taking Commission – I Don’t Have to Tell My Broker – Or Do I???

I’m not taking commission so it’s none of my Broker’s business… or is it? This issue is referred to in Georgia License Law as “Agent as Principal.” So if there is no commission involved do you have to tell your broker about your real estate deals? Do you have to pay the Broker? Do you have to turn in those contracts to your broker? What does Georgia License Law say? What is your Broker’s Policy? Watch the video to find out!
 
Please browse “Videos” or “Playlist” for so many more!
 
Click to Watch More Videos from Real Estate Made Crystal Clear

2023 GAR Contract Playlist – https://www.youtube.com/playlist?list=PLnjOyfFygLFydopNAa44rIn7XPQHCRRAG   FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.

How to Write a Winning Property Description

How to Write a Winning Property Description
 
Welcome to the Real Estate Backstory! We’re here to provide you with the latest real estate news and insights so you can make an informed decision about your next property purchase.
 
Do you know the do’s and don’ts of writing a property description? We’ll give you the ins and outs of what to include and what to avoid.
 
Recent news shows that key US inflation measures surged at the fastest rate since June. We’ll break down how this impacts the current mortgage market, and how you can save money by shopping with multiple lenders. We’ll also weigh the pros and cons of working with a local lender. From lower rates to personalized customer service, we’ll explore three benefits of choosing a local lender for your next home purchase.
 
Delinquency rates are dropping, showing the improving state of the housing market. We’ll look at the latest data, and what it means for potential homebuyers. Meanwhile, existing home sales descended .7% in January, signaling a possible slowdown in the housing market.

 
Americans are looking for more space, but apartments are getting smaller. We’ll explore the reasons behind this trend and what it means for renters.
 
We’ll also look at the latest figures from investors. It turns out they’re buying roughly half as many homes as they were a year ago. What’s behind this dip, and what does it mean for the future of the housing market?
 
Finally, we’ll announce the new paint colors for 2023. From vibrant hues to classic shades, get the inside scoop on the hottest interior design trends.
 
Alan Richardson – Managing Broker – Maximum One Realtor Partners
alan@maxonepartners.com
http://www.maxonepartners.com
Office: 678-782-5050
 
Click to Watch More Videos from Real Estate Back Story

BEST Real Estate Lead Source

There are many classes, videos, books, internet posts, blogs on various real estate sources. Watch this video to learn about a source of business you may not have considered AND to learn of the BEST source of leads for your real estate business! Don’t believe me… watch the video so that you may prove it to yourself!
 
2023 GAR Contract Playlist – https://www.youtube.com/playlist?list=PLnjOyfFygLFydopNAa44rIn7XPQHCRRAG
 
Please browse “Videos” or “Playlist” for so many more!
 
FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.
 
Click to Watch More Videos from Real Estate Made Crystal Clear

It’s All About Relationships

It’s All About Relationships   Welcome to The Real Estate Backstory, where we bring you the latest updates and insights on the real estate market. In this episode, we’ll cover a variety of topics, including the impact of relationships on our happiness and success in real estate, inflation and interest rates, credit card debt, and more.   According to an 85-year study, the key to happiness and success in real estate is all about building and maintaining relationships. This is especially important for real estate agents, who rely heavily on their network to find clients and close deals. As we navigate the ever-changing landscape of the real estate market, it’s important to remember the power of strong relationships and the impact they can have on our success.   Inflation has been a hot topic lately, but it can be confusing to understand what it means for the real estate market. While inflation is down, the consumer price index (CPI) is up, and we’ve seen interest rates climb as a result. However, looking at the longer-term trend, interest rates tend to follow inflation, and we may see a downward trend in the future.   Another trend we’ve been seeing is an increase in credit card debt among Americans. As real estate professionals, it’s important to warn our clients about the potential impact of debt on their ability to secure a mortgage and purchase a home. Educating our clients on financial responsibility and budgeting can go a long way in helping them achieve their real estate goals.   In terms of homebuying trends, we’re seeing more Gen Z individuals moving in together, while more single women are buying homes than single men. Both single men and women place a high value on homeownership, but women tend to prioritize being closer to family and friends. As real estate professionals, it’s important to understand the unique needs and priorities of our clients to help them find the perfect home.   Finally, we take a closer look at the state of the real estate market, including improvements in home affordability and the optimism of builders as more townhomes are being built. We also explore the struggles of Opendoor, a company that is starting to look more like a traditional brokerage.   Stay tuned for more updates on The Real Estate Backstory, where we bring you the latest news and insights on the ever-evolving world of real estate   Alan Richardson – Managing Broker – Maximum One Realtor Partners alan@maxonepartners.com http://www.maxonepartners.com Office: 678-782-5050   Click to Watch More Videos from Real Estate Back Story

How to Protect Buyer’s Earnest Money if Seller has a Title Issue

You represent a Buyer & the Closing Attorney informs you that there is an issue with the Seller’s Title…. what do you do to protect the Buyer’s Earnest Money? Watch the video & find out!
 
2023 GAR Contract Playlist – https://www.youtube.com/playlist?list=PLnjOyfFygLFydopNAa44rIn7XPQHCRRAG
 
Please browse “Videos” or “Playlist” for so many more!
 
FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.
 
Click to Watch More Videos from Real Estate Made Crystal Clear

Why You Should Be Cautious About Writing Buyer “Love Letters”

Real Estate Backstory is your weekly update for real estate news, changes, and trends relevant to the Atlanta area and surrounding markets. Topics covered this week include
 
Caution against buyer love letters.
New study that shows a disconnect between what clients and agents are thinking.
70% of people that wanted to buy last year were not successful.
American’s are feeling pessimistic about homeownership.
What is preventing us from pursuing homeownership?
Recent mortgage stats.
Why are listings not selling?
Georgia’s migration trend.
Reasons to purchase a multi-generational home.
 
Thank you all and please let us know if we can be of service.
 
Alan Richardson – Managing Broker – Maximum One Realtor Partners
alan@maxonepartners.com
http://www.maxonepartners.com
Office: 678-782-5050
 
Click to Watch More Videos from Real Estate Back Story

Two Termination & Release Agreements???

What do you do if your client sends a Termination & Release (T&R) & the other party not only doesn’t sign it but then sends one of their own?

2023 GAR Contract Playlist – https://www.youtube.com/playlist?list=PLnjOyfFygLFydopNAa44rIn7XPQHCRRAG

Please browse “Videos” or “Playlist” for so many more!

FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.Click to Watch More Videos from Real Estate Made Crystal Clear

How Inflation has Affected Home-Buying Plans

Real Estate Backstory is your weekly update for real estate news, changes, and trends relevant to the Atlanta area and surrounding markets. Topics covered this week include:

What is new with Zillow – property alerts.

Key fed inflation measured eased in December.

Fed lifts rates by quarter-point but says inflation is easing.

Job reports show increase of 517,000 in January.

Mortgage rates continue to shift down.

How has inflation affected your home-buying plans?

What are the biggest barriers to homeownership?

Thank you all and please let us know if we can be of service.

Alan Richardson – Managing Broker – Maximum One Realtor Partners

alan@maxonepartners.com

http://www.maxonepartners.com

Office: 678-782-5050Click to Watch More Videos from Real Estate Back Story