In previous posts, I have discussed the cycles in the economy and the capitulation in Mortgage Interest Rates coinciding with the turn in housing prices resulting in part due to reduced inventory as compared to demand. Case-Shiller reported US Home Prices Rise Just 12.2% which confirms this reality.
Metro Atlanta was one of the strongest markets in Case-Shiller's data. The reason? Sophisticated the market economies like Metro Atlanta enter a deflationary cycles first and exit sooner. The recovery can be amplified by job seekers and industry seeking better job opportunities and resources respectively.
As a result, Metro Atlanta has stripped housing inventory due to new product delays that resulted from limited bank funding for builders.
Now is the time to buy if you have a need. Always seek a Licensed Mortgage Loan Originator to ensure you get the correct product for you and your family. If they are registered, they did not pass the state and federal tests required by Federal Law. Click the link below to learn more about the types of Mortgage Loan Originators. There are significant differences every consumer should know!
Chief Executive Officer, Southeast Mortgage of Georgia, Inc.
Need a Licensed Mortgage Loan Originator? Call 770-279-0222