If you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should consider. According to the latest report from ATTOM Data, owning a home is more affordable than renting in the majority of the country
It has been six years since Kirby Smart became Georgia’s head coach, and by all accounts, it has been a successful hire. Nevertheless, people fail to see just how much he has affected other programs around the conference. For years now, people have talked about Nick Saban and his influence on college football. While Saban is without a doubt the best, I think people should pay attention to Kirby Smart and the impact he has made in the SEC
Over the course of 2021, we saw substantial changes to the real estate market. The low supply of homes for sale coupled with pent-up demand made buying a home a daunting task not only for the home buyer but for sellers as well. One out of every two homes sold for over asking price and in most cases with multiple offers. We found that many home buyers were losing out on multiple properties and in some cases they would get so discouraged that they decided to quit and leave the housing market all together.
It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals.
Like most of you, I was very excited to see Clemson go on the schedule. As a fan, it is always fun to start with a big game. While I wish it was in Athens, I am just glad they are playing, and I remain optimistic for full stadiums. Over the first week of the season, this game will command most of the attention in college football. It is a big stage for both programs who used to play each much more frequently, but now it seems like a special occasion.
Sometimes it is good to talk about things outside of real estate and last week an atomic bomb was dropped on the world of college football. Oklahoma and Texas are now likely to move to the SEC, and the fallout from this bomb will cover the entire landscape of college football.
I am a lifelong Georgia fan, and I was born in March of 1981 shortly after the Bulldogs won their last national championship in the Sugar Bowl. Since then, the Bulldogs have had some close calls with another outright title in 1981, 1982, 1984, 2002, 2007, 2012 and the most recent heart break of the 2018 national championship game.
As you can see, there has been a drastic increase in property tax revenue over the last 5 years. In fact, that revenue stream has far out paced the other areas of revenue as demonstrated in the graph. This graph shows the real story of our local tax increase which has been $20,000,000 of increased revenue over 5 years
Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance mirrors that of the last housing boom and,
Many people in my industry have been experiencing something that isn’t necessarily new but seems to be getting folks a little more riled up than it used too. I am referring to stress from the mortgage process. Part of our job as realtors is to make things go as smoothly as possible, but there are some parts of a transaction that we can’t control. And one of those parts is the LOAN UNDERWRITING!
