Welcome to Real Estate Backstory, your weekly update on real estate news, changes, and trends affecting the Atlanta area and surrounding markets. This week, we have some exciting developments to share.Firstly, the Federal Reserve has hiked rates by a quarter percentage point, signaling a positive direction in interest rates. We'll discuss the Fed funds rate and 10-year treasury yield to help you understand how these changes affect you.In other news, the typical down payment for homes has fallen 10%, making it easier for first-time buyers to enter the market. We'll also explore whether condos or houses are currently more affordable.February 2023 was a good month for real estate sales, as existing home sales broke a 12-month decline and new home sales posted their third monthly gain. These figures are encouraging and suggest that the market is on the rise.Market rents have also begun to fall, and we'll take a closer look at apartment rent growth to help you understand what's happening in the rental market.As always, we're committed to keeping you informed about the latest developments in real estate. Stay tuned for more updates next week.

Welcome to Real Estate Backstory, your weekly update for real estate news, changes, and trends that matter to the Atlanta area and surrounding markets. In this week's episode, we cover a range of topics that are sure to interest both home buyers and sellers alike.
First off, we discuss how interest rates have dropped by 0.5%, which is excellent news for those looking to purchase a home. We also examine the latest housing market tracker, which shows that mortgage rates have fallen following the failure of SVB. Additionally, we look at the uptick in mortgage applications and the latest consumer attitudes towards buying and selling conditions. Unfortunately, these attitudes continue to trend down.In further news, we explore the fact that almost half of all US households can't afford to pay more than $250,000 for a home. This is an essential topic for anyone looking to buy or sell a property.
Next, we delve into the topic of homestead exemptions and why they're so important for homeowners. We also remind viewers to update their Supra lockboxes for daylight savings time, so they don't get caught out.We take a closer look at homeowner tenure by age, which is an interesting statistic for anyone looking to purchase a property. Rent growth continued to slow in February, which is good news for renters.
Lastly, we discuss Opendoor's net losses and what it means for the real estate market.Tune in to Real Estate Backstory for all this and more. Don't forget to like, subscribe and hit the notification bell to stay up to date with the latest real estate news in Atlanta and the surrounding areas.

Welcome to Real Estate Backstory, your weekly update for all things real estate in the Atlanta area and beyond. In this episode, we cover a variety of important topics that affect both buyers and sellers in the market.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.Join us every week on Real Estate Backstory for the latest updates and trends in the Atlanta real estate market and beyond.

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. Here at Real Estate Backstory, we have the latest news, insights, and trends about the housing market. Tune in for all things real estate!

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.

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
[email protected]
http://www.maxonepartners.com
Office: 678-782-5050

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:

Recession does not mean falling prices.
U.S. pending home sales index.
Atlanta area rail expansion planned.
We discuss homeownership difficulties and regrets.
Mortgage rates continue to trend down.
2023 FHA single family loan limits for metro Atlanta.
Mortgage rate spread should normalize.
Home buying demand collapses.
Competition returns to pre-pandemic trends.

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

Alan Richardson - Managing Broker - Maximum One Realtor Partners
[email protected]
http://www.maxonepartners.com
Office: 678-782-5050

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:

Old school manners still matter!
We discuss Zillow’s predictions for the hottest markets of 2023.
Mortgage rates continue to decrease while applications increase.
How to get your credit score over 800. We look at current market trends.
Homebuilders continue to slow.
U.S. homebuilders file federal lawsuit against EPA new waters rule.
Top claim against agents: failure to disclose.

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

Alan Richardson - Managing Broker - Maximum One Realtor Partners
[email protected]
http://www.maxonepartners.com
Office: 678-782-5050