Athens, GA Real Estate

Athens, GA Real Estate Review | 2023

We have found that people have very contrasting opinions on home prices in the current market. Many feel that prices are coming down due to the higher interest rates while others believe that prices are rising due to the low supply of homes for sale.  The truth is, prices are still going up but not as fast they were in 2020 and 2021.  For example, in 2020 the average home price in Clarke County was $258,000. By the end of 2022, the average home sale price was $356,000 representing a 38% increase in just two years.  As of November 30th, the average home sale price in 2023 was $377,000 which represents a 6% increase from 2022 which is more in line with historical rates of appreciation.

What Do We See in the Real Estate Market Today?

Due to the rapid appreciation of real estate and a higher interest rate climate these days, everyone has an opinion about the real estate market- some good and some bad. The market is different today, but not in the ways most people think. Here are some questions our agents have been receiving along with our response.

The Impact of Inflation on Mortgage Rates

If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know.

What Are the Worst Things About Selling Your Home?

Before you let anyone view your home or even know your home is for sale, it is a good idea to get your home ready for the market and for showings. This can be an expensive and time-consuming task.  Some people in this world can keep their home in immaculate condition most of the time, but your typical homeowner has a hard time

1031 Tax Deferred Exchange

A 1031 Tax Deferred Exchange is sometimes mislabeled as a tax-free exchange.  The initial thing you should understand is that the taxes are deferred, not removed.  This is probably the biggest misconception of a 1031. The term “1031” comes from the section of the IRS internal revenue code where the rules and regulations are outlined.  In general terms, a 1031 Exchange is when someone sells an investment property for a financial gain and instead of immediately paying taxes on the gain,

Buying or Selling a Condo in Athens, GA

When looking to buy a condo in Athens, GA, working with an experienced real estate agent like Scott Talley can be a game-changer. Scott is a licensed real estate agent who has worked in the industry for several years. He has an in-depth understanding of the Athens real estate market, and he can help you find the right condo that meets your needs and budget.

Want To Sell Your House? Price It Right.

Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains:

Have Home Values Hit Bottom?

Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008. One of the questions that’s on many minds, based on … Read More

What Happened to Home Prices in 2022

There is a lot talk about decreasing home prices, and while it might technically be true in some cases, it does not tell the whole story. What we are seeing in our area is a roll back from the height of March and April.  Keep in mind, this is not universal.  Several areas have seen no roll back on price whereas others are seeing prices come down anywhere from 5% to 10%.  Look at the graph pictured here.

Mortgage Rates Will Come Down, It’s Just a Matter of Time

As we get through the inflation battle and start to see that coming down, we should expect mortgage rates to follow. We’ve seen nods of this over the past couple of weeks. As the Federal Reserve works to bring inflation down, mortgage rates will come down as well. Bill McBride from Calculated Risk says:

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