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 do we do when sales are slow? Get back to the basics.
We discuss the 2023 housing forecasts.
Solid jobs report sends mortgage rates lower.
As interest rates go down, we will see more listings.
Atlanta has had more price drops than any other city.
We have the most common words & adjectives found in home listings this year.
We go over the top 10 most used housing keywords by U.S. region.
Builder confidence declined every month in 2022.
Those who can’t afford a single-family home are increasingly turning to build-to-rent communities.

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

What are Green Certifications?
Mortgage applications have increased by 2.2%.
US banks are tightening their lending standards.
Ribbon lays off 85% of staff.
Investor home purchases plummet as housing market slows.
Some strategies to fend off a big bill in 2023.
Home sales unexpectedly increased in October.

The Real Estate Backstory is our weekly update The Real Estate Backstory is our weekly update of real estate news, information and education for the Atlanta real estate market. This week we cover:

Now is the time to reengage with your clients.
Link between clutter and depression.
Homeowners are all-in on home improvement.
Homebuyers need $107,000 annually to afford the typical U.S home.
Yun sees rates heading lower.
NAR housing market forecast.
Where wealth in the US resides.
Housing affordability falls to more that 10-year low.
Pandemic Boomtowns have relatively high shares of new homes.
Share and schedule posts on Facebook and Instagram.

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

Builders are suddenly in a giving mood.
Shifting market.
Things to negotiate with builders.
Voters approved more money for affordable housing around the country.
Consumer Price Inflation report.
Mortgage rates fall to under 7% after inflation eases.
Characteristics of home buyers.
Most home price cuts are made on Thursday.
Redfin shutters home-flipping operations and announces layoffs.
Opendoor is making significant changes.

The Real Estate Backstory is our weekly update The Real Estate Backstory is our weekly update of real estate news, information and education for the Atlanta real estate market. This week we cover:

2021 is an outlier, not a benchmark.
Mortgage rates are just shy of 7%.
Who can and can’t afford homes as rates increase?
How much household income is needed for each percentage point increase?
Buydowns and ARMs are becoming key tools for closing deals.
The adjustable rate mortgage makes a comeback.
Sellers need to be strategic about pricing and property conditions.
Please be serious about your safety.
Real estate bubble risk.

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

The Real Estate Backstory is our weekly update The Real Estate Backstory is our weekly update of real estate news, information and education for the Atlanta real estate market. This week we cover:

Can you talk to an Appraiser?
Producer Price Index rises.
Mortgage applications decrease.
FHA moves to include on-time rental payments for first-time buyers.
Credit reporting errors are way up and consumers are at risk.
Experts expect US housing market conditions to shift in favor of buyers by the end of 2023.
Nearly two-thirds of homebuyers and sellers are hesitant to move somewhere with Climate risk.

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