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
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.
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